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As the coal-rich province seeks greener growth, Shanxi has closed 88 coal mines and cut 88.41 million tonnes of overcapacity from 2016 to 2018, leading the country in cutting coal overcapacity. The advanced coal production capacity in Shanxi has increased to 68 percent of its total coal capacity.

As the Chinese yuan is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by trade surplus and foreign investment in the country, adding funds to the money market.

As the world is faced with severe challenges, China is offering its solution to several global problems, not only through capital and investment, but through win-win cooperation, said Gouliamos.

As staunch supporters of free trade and multilateralism, China and European countries would bear the consequences of US trade protectionism if Trump topples the global order, experts have said.

As the core area of China (Hubei) Pilot Free Trade Zone, Wuhan offers an example of how high-tech industry benefits the local economy.