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But there are still lots of small and medium-size companies that defer decisions on cloud spending to individual departments within the company, rather than routing everything through a centralized purchasing organization as was the case in the old days.

By 2022, the plant's production capacity is expected to reach 100,000 units a year, with its total investment to reach 7.2 billion yuan (.05 billion).

But the recently announced Libra, the blockchain digital currency proposed by Facebook is much more like stablecoins as it is connected with a portfolio of underlying assets.

By 2025, reforms in important areas and at key links will achieve landmark results. It is set to basically complete the pilot reform tasks by that time.

But the impacts should be limited as the overall low market valuation can shield the risk of a market crash, while the rather ample room for monetary policy measures will help the economy withstand a potential global economic recession, Xue said.