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As cross-border e-commerce flourishes, it is deepening international cooperation. Under the framework of the BRI, the Ministry of Commerce has been promoting the online Silk Road, and has now inked deals with 18 countries and regions along the BRI, such as Australia, Cambodia and Italy.

As a result Futuresource, which very early this year had thought the smart speaker market would reach saturation in developed markets like North America by 2020, is extending that time horizon to 2021 or 2022. “The worldwide market has plenty more growth potential,” said Bryant, noting the explosive uptake in China and other factors have caused Futuresource to revise its forecasts upwards.

As a trailblazing example of institutional innovation needed at the Hainan free trade port, the new tax plan is key to cultivating a business environment for the country's high-level opening-up, said Li Xuhong, a professor at the Beijing National Accounting Institute.

As for opportunities in international stocks, 43 percent of Chinese investors believed US stocks hold the best investment opportunities.

As a joint host of the 2022 Winter Olympics and China's first national-level renewable energy demonstration area, the city is betting big on the industry.