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"Coming on the heels of the central banks, there is increasing optimism that politicians are starting to understand the scale of the economic stop coming our way as the death toll across Europe and the US continues to rise," Michael Hewson, chief market analyst at CMC Markets UK, said in a research note.

"Currently those countries incinerate about 65 to 70 percent of their total waste, with daily production capacity reaching about 800,000 tons each. China is likely to hit this level by 2025. Now China's waste-to-power development is seeing steady progress, and has a relatively mature industrial value chain and technologies. Going forward, more effort is needed to advance current technologies to raise incineration efficiency and reduce emissions, as well as reduce costs to promote waste-to-power development in rural, less-developed areas," Zhang said.

"Companies from China may proceed at any time to negotiate all types of contractual arrangement with US LNG exporters, including long-term contracts ..."

"Cooperation in East Asia is faced with new opportunities, and Premier Li's attendance at the series of high-level meetings is of great significance for upgrading the China-ASEAN relationship as well as deepening cooperation in the region," Hua said.

"Consumer goods account for only 15 percent of China's total trade volume, but in developed countries it's 30 to 40 percent," he said.