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Arlt said the Chinese outbound travel market is developing so quickly that it is difficult for global tourism service providers to keep up with the trend.

As Chinese people are showing a growing interest in new energy vehicles, industry insiders are urging carmakers to make technological progress to remain competitive and calling for change in sales and after-sales policies to boost consumption.

As EY found out, Chinese respondents lead their global peers in the adoption of AI technology, with 10 percent already using it compared with 6 percent globally. A majority of 77 percent of Chinese respondents said they will introduce AI into their operations within the next two years, while the number is 66 percent worldwide. Almost 99 percent of the surveyed Chinese companies said they will have adopted AI by 2023.

Argentina has also invited representatives from multilateral organizations such as the United Nations, the International Monetary Fund and the World Bank.

As China is still in the process of transitioning from a quantity-based economy to a price-based framework, precisely gauging the monetary policy stance can be challenging as "the central bank utilizes many instruments, balances many objectives, and faces many constraints", said Shan.