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"Given that growth in the past decade or so was very much driven by debt-financed investment, deleveraging may lead to a sharp reduction in investment," Molnar said. "Therefore it is important to make sure that investment projects with a net present value obtain financing."

"Following four decades of high growth and poverty reduction, China has entered a new stage of development," as it seeks to address development challenges to ensure a high-quality and sustainable growth path, the World Bank said in its newly released Country Partnership Framework (CPF) for China for fiscal year 2020 to 2025.

"Free trade zones reflect China's policy of opening-up and the benefits will mainly lie in the liberalization and facilitation of trade and investment," said Huang Xianhai, vice-dean of the School of Economics at Zhejiang University.

"For better user experience, more and more consumers choose to make an order online and get the service offline. Orders including basic car maintenance and tire replacement can all be made online," said the report.

"Foreign investors put more value on structural changes in the China market rather than the size and growth potential of the market. In addition to the appeal of China's capital markets, the launch of a registration-based initial public offering system and new rules on asset management also boosted their confidence in achieving success in China's capital markets," Qu said.