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"China, undoubtedly, has played a crucial role in our global business and is expected to get into a fast-growing period in the coming years," he added.

"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.

"China's wide-ranging know-how and experience when it comes to the construction of hydroelectric plants is second to none given the nation had already installed 313 gW by the end of 2017," said Joseph Jacobelli, a senior analyst of Asian utilities at Bloomberg.

"China's investment sector has reached a stage where we should put equal emphasis on investing abroad and attracting foreign investment," said Guo Hongyu, deputy director of the foreign economic cooperation department at the commission.

"Compared with the existing line, the new railway boasts a faster speed and it will be akin to buses, bringing more convenience to passengers. After entering operation, it will greatly promote the coordinated development of the region," Kang said.