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Another change is that Chinese parents who decided to let their children study abroad are becoming more sophisticated, as they shift their focus from caring about rankings of the school to caring about the interests and advantages of their own children, said Liu of JLL.

Apart from traditional infrastructure projects such as highways and airports, construction machineries such as excavators and cranes are widely used for "new infrastructure" to build facilities such as 5G base stations, telecommunication towers, ultrahigh voltage grids and intercity high-speed railway networks, he said.

Another area where fracture mechanics plays a vital role is gas and oil pipelines, he said.

Another misconception was that there was an excess in China's money supply, as reflected in the high M2/GDP ratio, which had created asset bubbles, especially in the real estate sector, and increased leverage in the corporate sector, leading to high financial risks.

Apart from being honest and efficient, Chinese companies have also been highly flexible and adaptive when facing the crisis.