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Anne Breen, global head of real estate investment process and strategy at Aberdeen Standard Investments, said the UK's real estate market also remains attractive for Chinese buyers for being transparent, liquid and legally robust.

Apparently, such a massive transformation won't be easy for China. There was a time when its workforce used to eke out a living by working in old-fashioned factories. But, China's changing economic priorities would mean the workforce issue needs to be handled well during reforms.

Another industry organization, the China Association of Automobile Manufacturers, had the same estimate. Its executive vice-president Fu Bingfeng told Reuters that the fall could reach 10 percent in the first half of the year.

Another focus is the transformation of China in the 20th and 21st centuries, including all development from 1949 to present, its economics, political thoughts and its relationship with Latin America.

Anthony Neoh, director of the South China International Arbitration Center (HK), said either party to an arbitration can choose Hong Kong as the place of arbitration where local courts can enforce the results.