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"Fierce market competition is expected in China, as more opportunities and government's favorable policies are within sight," Song said, adding better products with lower prices will come along and bring more benefits to consumers.

"Having such a joint command and operation mechanism can put pressure on terrorists in the region who are the member countries' common enemy. It can be triggered at anytime and the PLA is ready," said Senior Colonel Zheng Songhua, a former researcher at the Academy of Military Science.

"Fixing this will be a big job and it needs to a priority of an incoming government of any persuasion.

"Fiscal policy should stay slightly expansionary, shifting from spending on infrastructure toward strengthening social safety nets and promoting green investment," Okamoto said.

"Five thousand years of history,… It's doubtful I'm ever going to run out of potential topics," he mused.