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"China is a country which is home to mega-sized cities, and the government will adopt various means to restrict these big cities from expanding too much," he said, adding that such restrictions will make a city function at a lower efficiency, especially in resource distribution.

"By genuinely engaging with international institutions and foreign partners, it could contribute to bringing economic and broader institutional development to countries which, until now, have not seen much of either," said Berglof.

"China is moving to a more balanced growth model, a more consumer-driven growth model," said Joachim von Amsberg, the Asian Infrastructure Investment Bank's vice-president of policy and strategy.

"China is the largest market for entry-level skiers. Despite the overall skiing market being on the rise, in the past five years, the number of hard-core skiers has gone down slightly. China's ski market has begun to differentiate," Wu said.

"China is the first country to control the pandemic. It suffered economic losses in Q1 because it preferred the lives of its people over the economy by imposing strict lockdowns. The lockdowns paid off and China not only succeeded to control the disease but also managed to stop the second wave even after restoration of normal life and business activities in the country."