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"By the end of the year, the time required for opening a business will be cut to 8.5 days in major cities," Xiong said, adding the procedures will become clearer and more predictable.

"China has never resorted to competitive devaluation," said Sheng, deputy head of Shanghai-based CEIBS Lujiazui Institute of International Finance. "The market plays the main role in determining the exchange rate of the RMB."

"But the decrease in delivery volume does not make our task any less demanding. We have limited staff right now so we can only guarantee food to those who are facing serious difficulties," he adds.

"China Unicom is the biggest beneficiary of the mixed-ownership reform, as it could utilize cutting-edge technologies from internet giants, access more channels and potential customers, as well as enhance its telecom service quality through introducing new strategic investors," said Peter Liu, research director at consultancy Gartner Inc.

"China has some lessons ... and insights to share with the rest of the world," he added.