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"Currently, private businesses create 80 percent of China's jobs, but only share 20 percent of the social resources. The president's speech shows that the private sector is an important part of China's economy and the country will continue to support the development of companies in the private sector," Dai said.

"China's regulation on the administration of savings has stipulated only banks and credit cooperatives can handle savings-related business. Internet platforms, which largely market these products through massive online traffic, are not technically eligible for such services," said Dong Ximiao, chief researcher at Merchants Union Consumer Finance Co Ltd.

"Currently, the ministry is developing a research strategy for improving city quality and efficiency and accelerating new city construction, which includes various tasks such as promoting the coordinated development of smart cities and communities," Ding said. "The China International Urban Parking Industry Expo helps build an exchange platform covering the entire industrial chain of the parking industry, bringing together representative from parking-related companies, institutes and organizations."

"Chinese companies are attaching more importance to enhancing the competitiveness of their products by increasing their efforts in technology research and development," said Xu.

"China will take a more proactive fiscal policy, raise the fiscal deficit ratio, issue special central government bonds, increase the quota of local government special bonds and continually implement tax and fee cut policy," Liu said.