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"China, like the United States, has a problem with an uneven distribution of wealth, which can result in social tension and popular resentment toward the moneyed class," Moser says.

"Chinese courts have made public an immense volume of court judgments since 2014. ... The availability of this huge number of cases is transforming scholarship on the Chinese legal system as well as the practice of law within China," said Benjamin Liebman, director of the Center for Chinese Legal Studies at Columbia Law School, at a webinar on Wednesday.

"China will unswervingly deepen the reform of exchange rate marketization and continue to improve the managed floating exchange rate system, which is market-oriented and formulated in reference to a basket of currencies."

"China's construction machinery producers are gradually losing their low-cost labor advantage and do not yet have the best technologies to lead the industry on a global scale. Chinese companies must act quickly to retain their domestic market lead," said Zhao of the IIE.

"Compatriots on both sides of the Straits must face challenges and together contribute to the stability of the Straits and promoting integrated development," he said.