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"China is in a very different place today than it was some decades ago and is now in a position of global leadership in the technology sector. That's at the core of China's growth model," said David Firestein, inaugural executive director of China Public Policy Center in the University of Texas at Austin.

"China is a major consumer in the global energy and commodities market, but the lack of effective ways for Chinese companies to participate in global futures trading had led to their pricing disadvantage," she said.

"China has the potential to become a world leader in three areas supporting the development of artificial intelligence－data, computing capability and algorithms. Besides, as the market size for internet and information security is expected to see a 10-fold increase, many Chinese practitioners in these areas will take this opportunity to start their own business," he said.

"Canberrans have been doing an incredible job in helping us stop the spread of COVID-19 and we have now only uncovered one confirmed case in the past nine days," said the minister.

"But whether it could help increase the city's birthrate remains to be seen, as it is not easy to bring up a child in first tier cities," he said.