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"China has made positive progress in strengthening its financial regulatory system and resolving financial risks since the Party's 19th National Congress in October under the leadership of the CPC Central Committee, with Xi Jinping, general secretary of the committee, at the core," he told a special consultative meeting of the Chinese People's Political Consultative Conference, the country's top political advisory body.

"China in the new era will present new opportunities for world development and bring new and more opportunities for BRICS cooperation as well," he said.

"By sharing enterprises' credit information, we will be able to act. The honest and law-abiding get a green light and those that are discredited get tougher inspections," said Zhu Haibin, chief of the enterprise management section at Shanghai Customs.

"China has some amazing roads and in terms of engineering it's the most ambitious country in the world. The things they build are outrageous," said Harris.

"China has made significant progress in financial market opening-up and participated in an expanding scale of trade, cross-border investment and human resource movement, naturally strengthening the yuan's international role," Zhang said, adding that the growth of the yuan's share in global reserves could help stabilize global financial markets with currency diversification.