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"By the end of 2017, all central SOEs, except financial and cultural ones, will be registered as limited liability companies or joint-equity corporations in accordance with the Company Law, which will accelerate the establishment of an effective and balanced corporate governance structure, based on their legal person status, as well as a flexible and efficient marketized management mechanism," the plan said.

"China is one of the largest and fastest growing markets in the world and represents one of the most exciting opportunities for many of our clients and our firm," said Nicolas Aguzin, chairman and CEO of J.P. Morgan Asia Pacific.

"China has relied on digital technologies and decentralised economic policy to drive up consumption, rather than centralised stimulus payments through direct deposits or debt-financed guarantees as seen in Australia," they wrote.

"CASME used to be a grassroots association seldom participating in international activities. However, since the first half of last year, especially since May this year when the Belt and Road Forum for International Cooperation was held, more associations like CASME in countries such as United States, Russia and Singapore have contacted us for cooperation," said Ren Xinglei, senior vice-chairman of CASME, in Beijing Thursday.

"China built a hospital with 1,600 beds in six days, while no other country in the world can even think of putting up a building in the same amount of time," he said.