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"Foreign investment helps Chongqing stand out among other inland cities," said Enright, citing the example of how it became the largest laptop manufacturing base in Asia in only around 10 years, as a large amount of foreign investment has poured in.

"Given the current global situation, it is necessary for the two countries to send out a positive message about jointly safeguarding the rules-based international order, creating an open global economy and objecting to protectionism and unilateralism," he said.

"Foreign investors are now willing to invest in China's financial market, and the country is removing regulatory barriers to foreign investment. As the financial market is comprehensively opening up in many sectors including insurance, asset management and mutual funds, there is a lot to do for foreign investors in different business segments," Tang said.

"Fortunately, data tariffs are priced attractively against 4G, complete with tiering by speed for different user needs," IDC said, adding that it expects a significant amount of industry momentum to drive volumes in 2020.

"For those private enterprises with liquidity difficulties but promising prospects, the bank has helped them survive the credit crunch with innovative services and products," said Hong.