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"Compared with the previous round of property development, which is mainly fueled by investment, the new round of development is driven by consumption," said Nie Meisheng, founding chairman of China Real Estate Chamber of Commerce, at the 2020 annual meeting held from Dec 13 to 14. She also said digital technology will play a pivotal role in empowering buildings and communities.

"China's forex reserve currency structure is diversified, even more diversified than the world's average level," Wang said. "It is in line with requirements of China's economic and trade development, as well as the demand of international payments."

"China's economic momentum will continue this year with domestic consumption leading the way, selectively creating opportunities," said Gordon Orr, a senior advisor to consulting firm McKinsey& Co.

"Customers are buying insurance they need the most, not the cheapest or most expensive financial product," she said. "The trend to cultivate highly qualified salesmen will further stimulate demand and lead the market in a healthy direction."

"China's Q1 current account surplus was considerably higher than the quarterly average for the second half of last year," said Wang.