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"Chinese fintech companies can also increase their international presence in the sector, and seek more cooperation opportunities by setting up branches in central and east European countries. However, risk management may still prove to be a major challenge," said Wang.

"Compared with the previous round of property development, which is mainly fueled by investment, the new round of development is driven by consumption," said Nie Meisheng, founding chairman of China Real Estate Chamber of Commerce, at the 2020 annual meeting held from Dec 13 to 14. She also said digital technology will play a pivotal role in empowering buildings and communities.

"Compared with that of 2016, the growth was stable. We see it as a result of the government's effort to promote reading," said Xu Shengguo, a member of the academy's research team. "It also shows people choose different platforms to read: books in print; e-books on computers and smartphones; and audiobooks."

"China's economic fundamentals recovered in March, with domestic and external demand as well as manufacturing employment improving," said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Beijing-based media group Caixin.

"China's accession into the WTO has been absolutely decisive," Chambovey told reporters at the WTO session on China's trade policy. He said the 2001 move has not only accelerated China's economic and social development but its expanding global trade also has benefited the rest of the world.