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"China's current risk level for local government debt is under control," Liu said. "But we have to take measures to defuse potential risks to maintain sustainable fiscal financing."

"China's logistic industry is becoming more tech savvy," Feng Gengzhong, deputy head of China Society of Logistics, said at a recent industry forum in Xi'an, Shaanxi province.

"Chinese consumers, especially those well-educated groups, want to enjoy life … they care about their individuality and love to live in a sustainable way," she said, noting many of them have unique tastes and pay attention to the green factor－are materials sourced in an ethical, sustainable manner, and are they recyclable?

"China's three internet giants are building a rich digital ecosystem that is now spreading beyond them. Baidu, Alibaba, and Tencent ... are driving technical performance such as computing efficiency to set new world-class standards," the MGI said.

"Consistency is likely to be another issue," Hua said. "UnionPay would need to be as readily accepted as Mastercard and Visa. It may take a long time to achieve this, particularly among small businesses."