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China is the world's largest gaming market by revenue. However, for the first time since 2015, the United States will overtake China to become the biggest gaming market by revenues globally with .9 billion this year, a recent report said.

China has recently taken a set of measure to stabilize the housing market and curb speculation.

China is not urging the reform for its own good, said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies. Its proposals come as global cooperation under the WTO, which took decades to crystallize, faces many threats, he said.

China has the third-largest equity and bond market in the world. Although foreign ownership of Chinese bonds and shares so far is only running at only about two percent, analysts expect this to change, following an array of recent policies by the Chinese government that open-up China's financial market for foreign access.

China is expected to generate 48.6 zettabytes (48.6 trillion gigabytes) of data in 2025, while the number for the US is forecast to be 30.6ZB, according to a study by the International Data Corporation (IDC) and data storage firm Seagate, a CNBC report said.