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"China's overall financial conditions have remained broadly stable," said the IMF October 2018 Global Financial Stability Report, although deleveraging has also led to tighter financial regulation and less favorable credit conditions for weaker borrowers.

"Compared with its own development, the value of 5G lies more in the fact that it can empower industries," Liu said.

"China's civil aviation industry has gained sustainable growth over decades. It has the most member airlines of IATA, thus we highly value the market here and keep close cooperation with government authorities and industry partners," De Juniac told Xinhua.

"China, however, took a significant lead over India in the agricultural sector by efficient agriculture reforms, policies and technology. Strict rules, strong reforms, incentives and ambitious investments in R & D have helped China," the report said.

"Currently, China's service exports are mostly dominated by large businesses. But the majority of the service providers in China are SMEs. There will be more opportunities for them to export their services in the future," he said.