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"Global institutional investors are currently underweighted in Chinese assets. As the importance of China's economy and the yuan increases, adding positions on these assets will become the norm for foreign funds," said Fang Xinghai, vice chairman of the China Securities Regulatory Commission.

"First-tier cities were some of the earliest to implement (market-) cooling measures and continue to have some of the toughest restrictions, while also having some of the highest prices," said James Macdonald, senior director of Savills China research, another international real estate consultancy.

"Given the tense China-US relationship and India's significance in Washington's Indo-Pacific strategy, it is most likely that the US and its allies will back the Indian side if they are involved. This will dramatically complicate the situation," Jia said.

"From the data, we can clearly see a promising future and we believe we can turn our ecological resources into an economic advantage," he added.

"Given the current momentum, we expect China's GDP growth to accelerate to 8 percent in 2021 from 2.1 percent this year, benefiting from a low base. Economic activity should normalize further next year, supported by the lagging effects of policy stimulus in 2020 and an improving global outlook as COVID-19 vaccines become widely available," said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered.