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"China's economy needs to rely increasingly on domestic demand instead of external demand to sustain growth. Meanwhile, it also needs to accelerate the push for moving up the value chain and cut its traditional reliance on low-end goods output," said Ying.

"Coupled with the Belt and Road Initiative, the Greater Bay Area development will ensure long-term prospects for Hong Kong's economy," she said, adding that through the two national policies, Hong Kong will enhance its role as a business bridge between the Chinese mainland and the rest of the world.

"Cooperation under the BRI involves a broad range of areas, in which participating economies have various policies and standards," Qian said at the second Belt and Road Forum for International Cooperation on Thursday.

"Combined with reports showing strength in Chinese and European manufacturing, there is probably more pain ahead for the dollar as investors anticipate money flowing into other economies," Mark McCormick at Toronto Dominion Bank was quoted as saying by Bloomberg.

"China's bike-sharing industry now enters a new stage of integration. Bikerental firms need to expand their business in an orderly way, improve the way of operating bikes and increase their profitability," said Raymond Wang, a partner at Roland Berger China.