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Development plan envisions global city cluster as key economic driver for China and beyond

Details are still hush-hush, but what insiders see coming are entry of multinationals, mega investments and stiffer competition. As a larger number of players vie for the same pie, consumers may benefit in terms of services getting cheaper and better. All this will likely compel State-owned oil behemoths to shape up or ship out.

Didi, valued at more than billion, is banking on its huge volume of rides in China as it squares off against Uber and other competitors globally. Any threat to its home dominance could take the gloss off its appeal for investors.

Direct air routes from Zhengzhou to Luxembourg, which began operating in 2014, have also helped boost global trade and earned the title of the "Silk Road in the air".

Despite the promising sales, he said the pandemic will change something in the Chinese car market, including an industry shakeout and digitization of sales, services and marketing.