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Analysts said the guidelines on toll road special bonds on Wednesday－and another guideline on land reserve special bonds announced in June－were the latest moves toward standardized management of local government special bonds.

And as a national first, Wuxi launched a citywide internet of vehicles LTE-V2X project in May; the project collects data from cars and drivers through a network of sensors installed on the city's roads, allowing drivers and traffic police to see areas of congestion and plan accordingly.

And the capital market also favored the sector. A recent report from Equal Ocean showed that in 2018, China's medical startups attracted a total investment of .7 billion, taking up 7.14 percent of global investment. The figure doubled to .5 billion in 2019, accounting for 11.61 percent of global investment.

Analysts at Essence Securities said the promulgation of the strategy could herald a golden era for the autonomous driving industry.

Analysts said the lottery system will benefit buyers of smaller, lower-priced properties that are in limited supply and hence in high demand.