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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.

Ant Group, formerly known as Ant Financial, is best known as the parent company of the Alipay mobile wallet. Alipay and its local wallet partners served more than 1.2 billion users worldwide by June 2019, the company said in October.

Another early Trump supporter, Republican US Rep. Chris Collins of New York, ended his re-election bid this month, days after his indictment on insider trading charges.

Another important precondition for adequate supply of funds in 2020 is a stable stock market, which in turn entails a better rule of law in the market. Given the current speed of law-based reforms, China's A-share market may welcome an inflection point, or upside potential, in 2020.

Apart from the creation of cultural products, more efforts are in need in various fields to enrich cultural content in tourism industry, said Zhu Bing, a former official with the National People's Congress.