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"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, ruling out that China forces foreign companies to transfer their technology when considering investments in China.

"China's commitment to reducing its reliance on coal will change lives and improve the environment, and that is why we are investing in a project aligned with their ambitious plan," said AIIB President Jin Liqun.

"Coupled with ongoing urbanization and rising domestic demand, powered by the Chinese government's measures to shift the economy to an internal consumption-driven model, the market potential in the Chinese mainland, particularly in lower-tier cities, continues to be attractive to jewelry retailers of all sizes," said Yang Lixin, director of the gemological training center for China's National Gem and Jewelry Technology Administrative Center.

"Competent departments and local authorities need to carefully study how to prepare for effective projects. They should make accurate and meticulous calculations and take new measures to ensure that the investment will be cost-effective, and contribute to greater development and better livelihood," Li said.

"China's economy is still in a tug-of-war between headwinds and policy easing," said Lu. The central bank has suggested balancing policy easing with the need to control financial risks, given the rapid rise of debt and volatile stock markets.