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"Deeper reforms on value added tax, commencing on April 1, will further relieve the pressure on small businesses and boost economic activity," Ng said.

"Department stores should also increase the portion of their self-operated business, and avoid homogenization of brands. In fact, compared with the highly competitive retail industry in Japan and the United States, China's department stores have ample room for growth. There aren't any monopoly department stores taking top market positions yet," Wang said.

"EV copper demand and related infrastructure accounts for about two-thirds of our expected growth forecasts between 2018 and 2030," said Oliver Nugent, a metals strategist at Citigroup.

"Despite the fact that most cities are still witnessing growth in house prices, signs of stabilization already exist, particularly in cities with the strictest regulations such as Beijing, Shanghai, Shenzhen, Hangzhou and Nanjing. There are a clear signs of a price drop," said Zhang.

"Developing businesses in the tertiary sectors is different from primary or secondary sectors in many aspects such as business models and resource allocation. That poses challenges to cities like Quanzhou, which has long histories in primary or secondary industries but does not have rich experience in developing tertiary industry," Zhou said.