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Another 22 cities, including Beijing, will join 13 cities that have already established national pilot zones for cross-border e-commerce, a move that experts and industry insiders said will help boost foreign trade via digital platforms.

Another key thing to watch this year is the reform of Proton, whether Geely can turn the loss making firm into a profitable entity. Proton's new Chinese chief executive Li Chunrong has targetted a gradual reduction in Proton's losses and breakeven in three to four years.

Anti-globalization sentiment is on the rise in the US and in some European regions.

Ant Financial's last earnings announcement showed it suffered a loss in the first quarter of this year. But bankers said with the financial support from Alibaba, the company does not need to raise cash, the report said.

Another piece of "evidence" came from University of Maryland student Shuping Yang, who made a speech praising the "fresh air" in America. Yang's speech was heavily criticized in China.