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As such, Flament said cooperation with Chinese companies and institutions is crucial as they are advised to apply for tests at the testing bases in China so that there will be more global agreements reached.

As such red packets are available on some other e-commerce platforms, Tian Chongjing, lawyer from Jiangsu Sailfar Partners law firm, said that individuals who trade foreign currency without permission are likely to be charged with illegal operation based on China's regulations on the foreign exchange system.

As the Foreign Investment Law approved by the national legislature will take effect starting from Jan. 1, 2020, the ministry is mulling supporting regulations and feasible rules to foster a stable, transparent, predictable and level playing market environment, Wang said.

As the Chinese economy switches gears to slower, sustainable growth driven by domestic consumption, the services sector is opening up more business opportunities for global players.

As the pandemic has been curbed in China, China's economic recovery is accelerating. Vossoughi said there are many forces behind this, of which supportive policies from the government are extremely significant.