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"Chinese railway workers sacrificed more than one life per mile of track. This was the buried history of blood and tears," Choy said emotionally.

"Continuing the move toward a more market-based and transparent monetary policy framework is a key element in ensuring an orderly transition to an effective float, which may also require use of foreign exchange reserves to smooth excessive volatility," suggested the IMF, proving that China's foreign exchange reserves are sufficient.

"China's economy has gradually emerged from the slump and returned to the level it was roughly at prior to the outbreak, backed by the stimulation that has delivered burgeoning signs of work resumption, industrial chains and services sector," said Shao Yu, chief economist at Orient Securities.

"Chinese consumers bought 1,000 metric tons of gold for personal consumption last year, which is just tremendous - much bigger than any other market in the world," Wood said, whose Denver Group relies on proprietary software and a skeletal staff to model industry efficiency.

"Chinese startups are gearing up to change the game of starting a business abroad. This is the right time for Chinese startups to venture overseas," said Zhou Wei, founding partner of Beijing-based CCV.