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"Enlarging LNG and pipeline imports will help China replace coal's share in the primary energy mix with natural gas, and coal's share of China's energy mix will drop to less than half by 2030 because of the shift toward gas and renewables," said Wang Lu, Asia-Pacific oil and gas analyst at Bloomberg Intelligence.

"Expanding domestic demand is essential to maintain a steady trend of the Chinese economy," said Mao Shengyong, an NBS spokesperson. "We need to increase the intensity of policies from all aspects to release the consumption potential."

"Even though the demand for the consumption of goods from the US is increasing, the spending power is still limited due to the average income of the Chinese consumers, which is about one-tenth in the US," he said.

"Expanded trade with China -- already our second largest international trade partner -- brings more jobs and more investment capital to Houston," he added.

"Europe is going to return to where it was before its rise in the 18th century, a place on the western end of the Eurasian landmass. It will engage more eastward. America, on the other hand, is going to become more divided and inward-looking and is in very serious decline," he said.