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"Given the pattern of China's economic cycle, economic growth may stabilize and even pick up in 2020, predicated on continuous improvements in the domestic business environment and external demand," said Yang Weiyong, an associate professor of economics at the University of International Business and Economics in Beijing.

"Given the gradually rising, yet considerably tame outlook for inflation in 2020, we believe the Federal Reserve is likely to sit on the sidelines throughout the year with interest rates remaining steady at the current 1.5 percent to 1.75 percent," the S&P Global analysts said.

"Foreign foldings of some Chinese financial assets have rapidly increased," said Richard Cantor, chief credit officer at Moody's. "And we realized that the financial liberalization progress continues.

"For this last fire season, there were more than 1,000 backburns put in. Of that, 4 percent got out of containment," he said.

"For a period of time, China-South Korea relations have been facing difficulties, and we do not want to see that," he said.