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China's relatively high penetration rate of e-commerce is propelling even the biggest online platforms to come up with new ideas to attract new customers, stimulate spending and spur growth, said Yu De, founder of Diggg, a domestic consultancy specializing in new retail studies.

China's proposal to explore third-party market cooperation can also generate decent financial returns for companies from areas such as services, project contracting, equipment and material supply in both developed and developing economies involved in the BRI, without causing a clash of interests, he said.

China's service sector has been contributing more to the country's economic growth, as the country taps the service sector's huge growth potential.

China's real estate market is in a much healthier condition now than when the policies were first tightened, and can afford to experience some relaxation, Lee said.

Chinese President Xi Jinping told the UN General Assembly late last month that China aims to have its carbon dioxide emissions peak before 2030 and achieve carbon neutrality by 2060, meaning that the country would descend from its emission peak far more rapidly than other major economies.