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"CASC, as a representative of China's State-owned enterprises (SOEs), will take a lead in promoting the operational efficiency of state-owned capital to be used in building a 'healthy China' with a better medical system," he said.

"China is fast moving," he said. "It is an innovative place. And when you are making an innovative company, you want to be part of an innovative environment. It's like an ecosystem.

"But of course, some countries are going to be hit especially hard, and some of the weaker banks might need to be resolved," he said, "furthermore, in some countries, there could even be system-wide distress."

"China looks to me to be well on course to meet the 2020 goal. On my reckoning, 6.2 percent per annum for each of the next three years should do it. So there is even a bit of a cushion if things go slightly awry for any reason. China can now afford a bit of a trade-off between the quantity and quality of growth in future," he said.

"China is only at the beginning of the journey of increased gas which we think will at least double if not triple in the next 10-15 years. Right now the percentage of natural gas in China's energy mix is still relatively small (6.6 percent in 2017) compared to some of the more advanced economies (ranging from 22 percent to 67 percent)," he said.