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An unprecedented number of Chinese deals were delayed or abandoned last year as parties failed to obtain approval from the CFIUS, according to the Rhodium report.

An online credit system will be used, provided by Tencent Cloud infrastructure and FAW's own financial risk control model, which will enable customers to receive credit approvals and feedback within five minutes.

Analysts said the tax cuts and more proactive fiscal and monetary policies will help stabilize GDP growth of the world's second-largest economy next year.

Anecdotal evidence suggests some employers are offering other perks to attract and retain workers such as flex schedules, working from home or increased health benefits.

Analysts suggested policy makers adopt differentiated approaches as every SOE has its own characteristics, saying the reforms would be a long process, and not accomplished at one stroke.