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"During that period, China was starting its reform and opening-up, but the door was not quite open, just a little bit," said Moon, who has lived in China on and off since the '80s, initially serving as a senior diplomat and later returning as an executive in the private sector.

"Even if my factories get eliminated (as part of the area development), internet-led businesses might be welcome, because cables will be still needed in the development of Xiongan," he said. "They will be needed in buildings and transportation facilities such as subway train systems," Xu said.

"Everyone is fixated right now on the changes that Hong Kong has made to its listing standards to accommodate dual-class shares so as to be able to attract the big China tech unicorns," Bernstein said. "While I do think this makes Hong Kong more viable at the margin, there are a whole host of factors that go into choosing the best listing venue, and dual-class now creates a level playing field between the US and HKEX."

"Developing metropolitan areas will support the urbanization process, which requires cities to further open up, and shift their functions from manufacturing-oriented development to high-quality services. Some key areas include information technology and the knowledge-based economy," he said.

"Despite the progress achieved and the commitments made to further improvement, women's prospects in the world of work are still a long way from being equal to men's," said Deborah Greenfield, ILO Deputy Director-General for Policies.