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China's first national foreign investment law, to be enforced in January 2020, covers the core suggestions of the white paper that are related to the establishment of the modern market mechanism, deepening reforms in administrative institutions, and further opening-up, according to Ono.

China's high-tech industries, such as electronic devices manufacturing, information technology, and new energy, might be the main target of Trump's tariffs plan, according to analysts.

China's monetary policy is on the way to being further tightened, aiming to curb the soaring debt growth especially in State-owned enterprises and local governments, a former central bank policy advisor said.

China's efforts to rapidly reduce poverty in recent years is "very respectable", he said, adding that there is a lot of work for China to do, because there are still many poverty-stricken people who must be lifted out of poverty by 2020 under the Chinese government's plan.

China's financial industry will become more competitive in the wake of the government's decision to further open up the sector to foreign competition.