Making predictions is always a hazardous game, particularly on matters that relate to the economic health of a nation, considering that there are many hidden bumps.

But the foremost question on everyone's minds as the new leadership gets ready to take the helm, is whether China will opt for a rebalancing and re-engineering of its economy by investing less and consuming more. Such doubts have resurfaced after recent reports indicated that due to over-investment, returns on capital have been languishing and could cramp future growth in China.

Global ratings agency Standard & Poor's in a recent report indicated that investment levels in China have run ahead of the returns on investment over the past five years. "China has the highest risk of an economic correction, because of low investment productivity over recent years," S&P credit analyst Terry Chan said in the report.