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Analysts said the new investment law sends a positive signal to the world that China will better protect foreign investors in the country. “It showcases China’s will to continue to encourage and protect foreign investors, and I expect it to take more forceful measures in that direction,” Liu said.

Analysts said the measures are set to strengthen the financial markets' ability to bolster economic growth, while the induced risks shall be controllable.

Analysts believe Mercedes-Benz and BMW will compete for the crown this year, while Audi, though almost certain to lose the title it has kept for decades, is expected to narrow the gap.

An opening ceremony for the Harbin-Mudanjiang high-speed rail line is held at Harbin Railway Station, Northeast China's Heilongjiang province on Dec 25, 2018. [Photo provided to chinadaily.com.cn]

Ancha forecast that China would remain a big buyer of Thai fruit for the rest of the year, accounting for about 40 percent of the country's fruit exports. Thailand is likely to produce large number of tropical fruits and will generate as much as 113 billion baht in export revenues this year, he said.