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"Half of the Chinese population currently reside in cities and this will only increase in the coming years. It is imperative that China builds smart and sustainable cities that can better manage waste, water, energy, mobility and infrastructure," he said.

"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.

"Hailed as one of the hot investor themes of the year, Good Doctor comes right after the Hong Kong stock exchange almost put the final touches to its biggest listing rule reform in 25 years, in a move to turn the local market into a magnet for New Economy companies," said an analyst at one of the Big Four accounting firms in Hong Kong.

"Government at different levels should take the initiative with the big picture in mind, striking a balance between 'enabling' regulation and risk preparedness, in our effort to build a level playing field for all to compete and excel."

"Given the fact that 2019 was a year full of uncertainties, China's biggest achievement is its resilience and stability proven in its economy," said Zhu Ning, a professor with the Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University. "It's crucial for China to face uncertainties and stick to its path to further promote reform and opening up."