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"China's demand for IDCs will see a rapid rise as the country expedites the use of 5G and internet of things technologies. We expect the market volume of China's IDC industry to grow around 30 percent year-on-year from 2019 to 2020, hitting 200 billion yuan (.5 billion) in 2020," Wang said.

"China's fast development following its reform and opening-up policy since the late 1970s impressed me a lot. So I chose China as my first stop for overseas studies," he said.

"China's capital market is now not mature enough to shoulder such a responsibility, making accelerated capital market reform and opening-up imperative," Hong said.

"China still has the potential to mobilize resources to support the economy. For example, we could continue to lower the RRR, lower interest rates and inject more liquidity into the economy," he said.

"China's foreign exchange reserve remained stable in February, and the renminbi exchange rate floated within a reasonable range, with still stable expectations," said Wang Chunying, a spokeswoman of the SAFE.