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"China's economy is still in a tug-of-war between headwinds and policy easing," said Lu. The central bank has suggested balancing policy easing with the need to control financial risks, given the rapid rise of debt and volatile stock markets.
"Compared with traditional infrastructure investment, the new infrastructure program has a strong technology focus. For instance, 5G will revolutionize the way business and people interconnect around the world," Gibbs said, adding that the company will align its strategies to the initiative.
"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.
"Countries of the region should be encouraged to strengthen dialogue, deepen understanding and trust," he said.
"China's economy has shifted from a high-speed growth stage to a high-quality development stage. Promoting green development, establishing a sound economic system with green and low-carbon recycling, as well as strengthening energy saving, and environmental protection and clean energy industries are the future trend, which offer great opportunities for the development of natural gas industry," said Cai Fang, deputy head of CASS.
