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"China is seeing a new wave of urbanization, with third- and fourth-tier cities beginning to emerge as sizeable urban clusters. With megacities arguably reaching their limits and gripes about quality of life rising, smaller cities have an opportunity to compete for talent and resources," said Wang Dan, China analyst at EIU.

"But we're very busy this year."

"China and the Democratic People's Republic of Korea are neighbors. Both sides know that maintaining, developing and consolidating the friendly and cooperative China-DPRK relations is not only in the best interests of both sides but also bears great significance in regional peace and stability," said Guo Yezhou, vice-minister of the department.

"China may increase the interest rates for open market operations following the possible US rate hike, but in a moderate way, a similar move as it took in December and March," said Yang, who also suggested a further cut in the cash that banks set aside as reserves when liquidity risk increases.

"China has many world-class investment opportunities. In many cases we don't need to look abroad for shares with high-growth potential because we can reach them domestically," said Iris Pang, China director and economist of ING, a Netherlands-based global financial institution.