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"Chinese industrial players are doing more critical manufacturing jobs for global aircraft manufacturers, showing that they have become more skilled and recognized," said Lin Zhijie, an aviation industry analyst and columnist at carnoc.com, one of China's biggest civil aviation websites.

"China should launch a series of targeted policies to encourage small and medium-sized banks, credit unions and emerging financial institutions such as village banks to play a greater role in serving small businesses. It's the main duty of these types of financial institutions to serve small businesses and private companies. The regulator should also allow more small and medium-sized financial institutions that meet compliance requirements to grow," Lian said.

"China will further open up some non-convertible items under the capital account, and those already convertible will see tradings more liberalized," said Pan Gongsheng, deputy head of the People's Bank of China, at a forum in Shanghai.

"China's regulation on the administration of savings has stipulated only banks and credit cooperatives can handle savings-related business. Internet platforms, which largely market these products through massive online traffic, are not technically eligible for such services," said Dong Ximiao, chief researcher at Merchants Union Consumer Finance Co Ltd.

"Chinese consumers have shown huge enthusiasm for 5G smartphones, which has outpaced our expectations," Lei Jun, founder and CEO of another leading smartphone vendor Xiaomi Corp, said at the WIC.