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"For instance, Shanghai has always been the market where leaders take care of innovation and leaders are focusing on, and investing in, key industries and innovation," he said.

"From the Communist Manifesto to Leninism, from Mao Zedong Thought, Deng Xiaoping Theory, Theory of Three Represents and Scientific Outlook on Development to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we can see a coherent trajectory," said Han Zhenfeng, dean of the School of Marxism at Beijing Jiaotong University.

"For instance, the purpose of the Dunhuang trip was to bring the history of the Silk Road to life for the associates, and to tie that to the modern-day world, especially the Belt and Road Initiative," Wong said.

"Fiscal and monetary policies will provide the major tools to achieve the long-term economic development goals," said Wang, who suggested building up a unified coordination mechanism to facilitate joint efforts on fiscal and monetary policy. The mechanism is expected to work along with employment, industrial, investment, consumption and environment protection measures to spur the real economy.

"Fierce market competition is expected in China, as more opportunities and government's favorable policies are within sight," Song said, adding better products with lower prices will come along and bring more benefits to consumers.