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"For smaller subsidiaries focusing on their pillar businesses, going public is practical to maintain sustainable development," Sun added. "But as CCCC has kept expanding and diversifying its business from bridge building to offshore engineering manufacturing, such a mode has reached the limit of its development. It is time to deepening reform and innovation."

"Further testing is needed before officially launching the Chinese CBDC, gaining inspiration from the Libra," said Yang.

"Hainan has many natural advantages, and the island is home to many training and competition bases. A large number of international sport events including the Round-island International Cycling, the International Sailing Regatta, and golf tournaments have been held in the tropical island, which has made Hainan a popular international sports tourism destination," said Jiang.

"Growth resilience may surprise on the upside in more aspects," he said, adding that besides a growth rate within a reasonable range, the economy is likely to register accelerated progress toward higher-quality development this year amid a new round of reform and opening-up.

"Foxconn is not just a contract manufacturer of electronic devices, but also engaged in the design and production of some precision elements in the supply chain sector. It has also accumulated experience and strength in intelligent manufacturing," said James Yan, research director at Counterpoint Technology Market Research.