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"Frankfurt is like the No 29 financial capital of the world, Paris is No 34, according to the data in our book. We are not competing with Frankfurt and Paris but Hong Kong and New York and maybe eventually it might be Shanghai, I don't know," he said.

"For a check list with 1,330 items, it takes three days for a worker to get the inspection work done. But with 5G and artificial intelligence technologies, we are able to finish it in just an hour. Efficiency of power grid equipment inspection has increased by 270 percent," Xie said, adding the substation has so far deployed a total of 1,036 intelligent devices, including inspection robots and 5G cameras.

"For instance, Naizifang (milk houses) was a horse milk production base that supplied the government during the Yuan Dynasty, while Caochangdi (meadow) was the place where horses were fed," Wu said.

"Foreign firms have been satisfied with China's enhanced efforts in fighting against the novel coronavirus epidemic," Wei said, citing that some big-ticket projects, like BASF's billion project in Guangdong province, are underway in an orderly manner.

"Given that the downtrend in economic growth had largely eased by the end of the first quarter, the aggregate ROE of A-share companies has probably hit the bottom," said Xu Gao, chief economist at Everbright Securities Asset Management Co Ltd.