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"China does not wish to see the further escalation of tension in the region," he said.

"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.

"CMA not only gives Geely a future-proof vehicle architecture, it also allows us to endow each new product with pedigree genes in terms of safety, sportiness, and intelligence," said Feng.

"But now, we don't need them to apply or fill in documents before giving assistance," Wang said. "We find children who may need help by using big data from many agencies, such as the disabled persons' federation, the public security bureau and the health department.

"China has come to a critical period of upgrading and transformation," Dong added. "The domestic consumer market is entering a new era driven by technology, high quality and services. The generation born in the 1980s and 1990s has become the main force of consumption, and those born in the 2000s will also become new consumption drivers."