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"Government investment in infrastructure projects could attract follow-up private investments by giving investors the expectation of better operational sustainability and credit endorsement", said Zeng Kanghua, a public finance professor at the Central University of Finance and Economics.

"Financially, the company's 2019 performance was short of our original expectations, mostly because our operational execution -- which we usually do very well-- wasn't nearly good enough. We recognize, take accountability for and have made changes because of this," said Jim Hackett, Ford president and chief executive officer.

"Further opening-up and reform will continue, and in the meantime, financial regulation needs to improve to prevent systemic financial risks," said Zhang.

"Given the gradual fine-tuning by policymakers to balance growth with reform and deleveraging, we maintain China's 2018 GDP growth forecast to be 6.4 percent this year," said Louis Kuijs, head of the Asia Economics Department at Oxford Economics, a British think tank.

"For example, some buyers sued sellers in our court after finding trademarks of sportswear or luxury clothes they bought in online stores were falsified," she said.