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"China's long-term home rental market for foreigners is developing rapidly as an increasing number of foreigners choose to work or study in China due to the nation's economic rise," said Neil Wang, president of market consultancy Frost& Sullivan.

"Coming as it does in the current context may add fuel to existing bilateral flames," Paal, now a distinguished fellow in the Asia Program at the Carnegie Endowment for International Peace, told China Daily. "It's the context of the US election and not the report that is crucial."

"Compared with the previous round of property development, which is mainly fueled by investment, the new round of development is driven by consumption," said Nie Meisheng, founding chairman of China Real Estate Chamber of Commerce, at the 2020 annual meeting held from Dec 13 to 14. She also said digital technology will play a pivotal role in empowering buildings and communities.

"China's film industry is very mature, the music industry is an emerging economy, and there are a lot of opportunities. A lot of music artists can benefit by having a collaborator in the US where the music industry is very mature," he says.

"Combining BP's global retail capability, EV charging expertise and experience with Didi's unrivalled mobility service platform, our partnership will aggregate demand and provide high-quality, fast, reliable and safe charging for Didi drivers and the public in China. Didi plays a critical role in expanding the EV sector in China and with its very large user base we expect to drive high utilization of charging assets from Day One," Erginbilgic added.