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An updated version of the FTA is expected to further facilitate trade, scale up bilateral investment, and encourage technological cooperation.

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 have mixed views on whether the cryptocurrency project is instilling a feeling that China could be in danger of missing out.

And he rubbed salt into May's wounds by saying in an interview with Britain's tabloid Sun newspaper that former foreign secretary Boris Johnson, one of those who engineered her ousting from office, would make a great replacement prime minister.

Andrew Tilton, chief Asia economist at Goldman Sachs, said it is encouraging that China managed to maintain a good growth rate last year and that policymakers have moved to rein in the country's rapid debt buildup.