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"By building industry clusters, provinces and municipalities along the belt can boost their competitiveness, which will optimize the industrial structure and help move industries in the regions from 'mid to low-end' to 'mid to high-end' markets in the long term," said Wu Qi, from the commercial bank research center at Hengfeng Bank Research Institute.

"China has created in the past 20 years many potential advantages, and it is starting to use some of them. But I think it can use those advantages much more quickly and strongly, particularly in the energy sector. China is in a good place to put these advantages to work," he said.

"China now has more than 1,200 coal mines with annual production capacity exceeding 1.2 million tons, accounting for more than 75 percent of the country's total coal capacity", Jiang said.

"By reinforcing their moats, industry leaders will become even stronger, and the sector will present a higher competition threshold, and the market centralization will become more obvious," said Neil Wang, president of Frost & Sullivan China.

"But the fact is, Chinese companies are investing very heavily in Hungary," he said. He added that Chinese, Japanese and Korean companies together accounted for 38 percent of new jobs created in 2019.