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"China's 2019 GDP growth target at 6-6.5 percent is reasonable and achievable, and we've seen a robust start for the Chinese economy this year such as stabilizing corporate capital expenditures," Bill Winters, group chief executive of SCB, told Xinhua on the sidelines of the just-concluded China Development Forum 2019.

"Cutting fees is just as important as cutting taxes. But because there is a lot of flexibility with fees, some companies may work on finding loopholes to help them avoid paying. Yet by doing so they are also paying the cost of taking a risk," he said.

"China ranks first in publications, production and broadcast of television dramas, and movie screenings."

"Clearly the coronavirus is not gone. In fact, we have got it worse now than we had it in the spring I believe, and I think that's true in a lot of other states," McConnell said at a news conference, adding the country needs another relief package.

"China's PE market will reembrace diverse opportunities after the epidemic. Similar to the SARS (severe acute respiratory syndrome) outbreak back in 2003, investments started to rebound in the fourth quarter of that year," said Li Chenghuan, partner at global management consulting firm Bain & Company.