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Increased debt means federal entitlement programs are likely to run out of money sooner than expected.

In this sense, companies should strengthen cooperation with leading Chinese O2O service providers such as Meituan and Eleme, said McKinsey.

Industrial production grew by 6.2 percent year-on-year in October, missing analysts' forecast of 6.3 percent and falling by 0.4 percentage point from last month, according to the NBS.

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Industry insiders believe China will achieve its 13th Five-Year Plan (2016-20) targets for non-fossil fuel consumption ahead of schedule, riding the advancements in wind, hydro and solar power.

Including Lingang in the Shanghai FTZ is another step Shanghai has made recently to further improve its business environment and embrace foreign investment.

In the view of industry analysts, however, the ostensible lofty goal is probably the least important reason for BYD's urge to share the technology that is said to be the result of more than a decade of efforts.

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India has launched 212 investigations against Chinese products since 1994 and 93 of them are still in progress. So far this year, 13 investigations have been initiated, according to the ministry.

In this case, unreasonable fees can be a priority if the government wants to relax the burden on enterprises, Feng said. She also said negative sentiments that stemmed from these fees charged without clear regulations should be eliminated to boost the enthusiasm of business startups.

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Infrastructure improvement is also on China-Vietnam cooperation agenda.

Industrial transfers from the east to central and western regions are in line with economic laws and more balanced development, Li said.