Analysts from the Chinese Academy of Social Science and China Development Research Center have proposed the idea of one-time 10% revaluation of the RMB.

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"If we look at 1997 in a wider perspective and focus more on Hong Kong's status as an international hub, it is easy to conclude that this city will become the center of China's future development, " said Chen.

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General Motors has also spent billions on technical, design and development facilities across China, including a joint advanced technical center and proving grounds outside Shanghai.

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China does have the conditions to prevent any such hard landing or a sudden and dramatic economic decline wrote Zhang Chenghui and Chen Daofu, researchers at the development research center of the State Council, China's cabinet.

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On March 12, the company announced that it will buy Beijing Secular Bird Culture and Art Development Center, a music production and offline music distribution record label in China.

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