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"China's economy, especially its manufacturing industry, has become highly diversified thanks to the sound supportive system and fast-growing domestic markets after decades of development," Tu said.

"Committed, because as much as any other country over the past few years, China has shown a commitment to health and development both at home and abroad. Ambitious, because of the targets it has set for itself, including wiping out extreme poverty by 2020. And vital, because we need an engaged and responsible China if we are to rid the world of what we call 'solvable human misery'," he responded.

"China's M2 growth is slightly lower than nominal GDP growth, but we should monitor more indicators, such as prices and jobs, to see whether liquidity is tight," he said at a press conference during the ongoing first session of the 13th National People's Congress.

"Chinese investors are considering to shift their investment philosophy and focus more on high-tech and innovative companies, corresponding to the country's high-quality development blueprint," said Hu Tianxiang, founder of Shanghai SuXiang Investment Consulting Co Ltd, an investment consulting and asset management company.

"Compared to the amount being spent on 4G between 2013 to 2020, that will be an increase of 48 percent," the New York-based commercial lender stated.