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"Flexibility in this year's specific timing and pace of rolling out the reform can be expected, given the lingering uncertainty of the virus," said Liu Wenqiang, a researcher with Shenzhen-based Great Wall Securities.

"For hydrogen to play a significant role in decarbonization, the industry will need to transform upstream and expand significantly downstream. Hydrogen production will need to move to zero or low carbon processes, and consumption will need to expand to new sectors where fossil fuels are dominant," Xiao said.

"Greater cluster for the companies, more integrated development among the AI technologies with local industries and strengthened innovation efforts are key for China to offset the impact brought by the technology barriers made by the United States," said Liu.

"Forty years after the beginning of China's reform and opening-up, China's supply chain, manufacturing chain, as well as its talent pool, have probably grown to the top position in the world," said Wu Peng, general manager of marketing and sales at Dreame Technology, a Tianjin-based company that specializes in smart household appliances."Along with the development of these basic infrastructures, Chinese brands have become very competitive in the world."

"For Shenzhen Metro, Vanke's expertise in development, asset management, cost control and financing will help its sustainable operation."