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"China is a great market no one can miss. More importantly, it is playing a role on the global stage, setting an example and offering opportunities worldwide," NBAA President and CEO Ed Bolen told Xinhua in an exclusive interview ahead of the 2019 Asian Business Aviation Conference and Exhibition.

"But the timing and mechanism of volatile delivery has been hotly debated. Ours is the first scenario that can explain the timing and delivery in a way that is consistent with all of the geochemical evidence."

"But the policymakers would need to skillfully manage liquidity so that the case does not fuel a series of defaults, which would make the market nervous. We expect the Chinese government will be able to manage the rising credit risks in China," Pang added.

"China has to reduce investment in coal-fired power plants while satisfying its increasing need for energy, which could be challenging," she said.

"But there is still a question of whether such regulations can be successfully implemented, especially in some privately owned companies," said Professor Qiu Zeqi, director of the Center for Sociological Research and Development Studies of Peking University.