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"China is the most successful example of external rebalancing in the post-crisis period among the major surplus economies," said the report.

"China may further loosen monetary policy and launch various measures, including further increasing the credit supply to meet the real economy's needs and further reducing its financing costs, encouraging banks to issue more loans to small and micro businesses and introducing innovative monetary policy instruments," said Zeng Gang, deputy director-general of the National Institution for Finance & Development.

"China is also likely to distribute frequency bands to telecom carriers in the second half of this year, which will speed the construction of 5G networks," Wang said.

"By cooperating with local financial organizations, Hong Kong and Macao young people will have better access to financial support for their businesses in Guangzhou," said Lin Huibin, director of the Guangzhou Tianhe Hong Kong and Macao Youth Association.

"China has further reduced restrictions on market access by foreign investors and now allows foreign investment throughout China in sectors where it was previously permitted only in pilot free trade zones," said Paul McKenzie, managing partner of Morrison & Foerster's Beijing office. "Strong headwinds will likely continue at least until the US-China trade relationship improves. Perhaps a more dramatic set of further amendments to the negative list will come out of the current trade talks," McKenzie said.