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"Chinese companies are now paying more attention to physical investment as the declines in overseas manufacturing industries were smaller compared to those in the property, culture, sports and entertainment sectors," said Ma Yu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing.

"Chinese homebuyers are being more sophisticated as price is no longer their sole consideration in making a decision."

"Currently, a lot of cities are committed to building a metropolis, but there is not a specific pattern for all, nor a perfect pattern", said de la Varga.

"China's social credit system won't replace our legal system or moral principles. They complement each other," said Han Jiaping from Chinese Academy of International Trade and Economic Cooperation, Ministry of Commerce.

"China, in the new era, will provide an open platform for media around the world. We are confident of gaining more understanding and trust from the international community through cooperation under the initiative, and will contribute our experiences to the world," he said.