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"For the cities with property shortages, such policies will have a considerable effect in the market," said Zhang Dawei, chief analyst at Centaline Property. "In cities such as Shenzhen, companies buying homes are not rare, and such policies will be promoted in other cities."

"Financial inclusion is a fundamental building block of inclusive growth and development," it added.

"For CNPC, as well as other oil and gas companies, China's increasing appetite for natural gas provides an alluring new growth momentum, when oil consumption growth has slowed down," said Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University.

"Grain output reduction may hold back increases in farmers' income, given the reduction in fields sown in the short run," Li said. "But in the long run, the policy change will benefit farmers" because China will increase transfer payment funds to the countryside and put more fiscal resources in its poverty-reduction campaign, both of which will raise farmers' incomes.

"Growth is going to continue to come from China for the next 20, 30, maybe 40 years…The greatest growth opportunity in the world is the Belt and Road Initiative," Perry said. "What China is trying to do is free the productive capacity and consumer demand across from China, across central Asia, central Europe, and down into Africa."