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"Chinese tax system reform will continue to deepen this year, with more aggressive tax cut plans. But the key is to balance relationships between fiscal income and expenditure, as well as between the central and local governments," said Deng Liping, a professor from the school of economics at Xiamen University.

"Competitors can talk as competitors, but it doesn't have to be enemies. It can be competitors; it can be suspicious. But, it can be under some kind of control," he noted.

"China's booming refining sector will add more pressure to crude demand, and unless the government restrains policy on refined oil exports to suspend the investment impulsion for refining projects, this will only require more crude imports in the months to come," she said.

"Competition among AI companies has turned to a scramble for talent," said Liu Wanqian, CEO and founder of PlusAI, a startup specializing in autonomous driving. It boasts a road test license in California.

"China's total ban on the ivory trade is a milestone achievement in the history of elephant protection and a most extraordinary measure taken in the global efforts of wildlife protection in recent years," Sun said.