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And the best defense is a good offence. Last week, the German carmaker developed its Jetta model into a standalone brand, hoping to get a slice of China's entry-level market by tapping into the model's national success.

Anhui province promoted the credit rating system in 337 villages in 2019, of which 60 were poverty-stricken.

And the outstanding value of China's yuan-denominated overseas bonds rose from 5 million in 2007 to .08 trillion in 2018, according to data from the Bank for International Settlements.

Analysts expect the nation's central bank to continue to buy bonds and support credit markets.

And there is no better place to witness these developments than in Wuxi, a national hub of the internet of things sector that has been promoting and developing IoT applications for the past decade.