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At the same time, valuations in the bond market are starting to look attractive. Chinese real estate developers make up about half of the Asian high yield universe. As at the end of March, China property high yields had risen by 500 basis points on average this year for credit rated BB, and 700 basis points for Bs, as global liquidity dried up and caused significant price dislocations.

At the same time, some regions have more extensive plans. In East China's Fujian province, some communities, blocks and districts built before 2010 and with a lack of infrastructure will be transformed. In eastern China's Shandong province, the goal is to complete the renovation of old communities built before 2005.

At the same time, Chinese companies are more competitive to Western rivals.

At the same time, domestic companies are also eager to sharpen their competitive edge and are no longer looking for merely capital cooperation but to gain higher production capacity from the cooperation with foreign partners, said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics.

At the Summit, leaders drew up a blueprint for the future of the Organisation, reached important agreements and issued the Qingdao Declaration. A total of 23 cooperation documents were signed, setting a record in the history of SCO Summits. A highlight among these is the Joint Statement on Promoting Trade Facilitation, in which members voice strong support for multilateralism and firm opposition against protectionism by calling for upholding the multi-lateral trade regime with WTO rules at the core and building an open world economy.