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"Every market has its own features, so it is almost a one-size-for-one approach," Yang said.

"Demand for imported oil is likely to continue to rise unless we see very significant growth in technologies such as electric motors and electric storage which may be able to replace the need for oil, especially in the transport sector," said Sebastian Lewis, head of content for S&P Global Platts in China.

"Europe needs to maintain its own course," the BDI said, adding that the European Union would decide independently which companies it would allow to build 5G network infrastructure.

"Developing green finance is an essential element of China's supply-side structural reform in the financial sector. By offering financial products that conform to the philosophy of innovative, coordinated, green, open and shared development, we will better adapt to the changing economic and social demands and promote high-quality development," said Yang Lijie, deputy director of the administrative committee of Liangjiang New Area in Chongqing, a major city in Southwest China.

"EBRD is a natural partner for the Belt and Road Initiative," Chen said, underling the need to face challenges.