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"During an economic recession or when the economy suffers external impacts, timely measures must be taken to stabilize the financial market and boost public confidence," Yi said.

"Due to the COVID-19 travel restrictions, there is significant growing demand for imported goods among Chinese consumers," Liu told an event kicking off the Double 11 campaign for foreign merchants. "International brands need a trusted channel for reaching Chinese consumers, while domestic shoppers are looking for ways to buy more quality products from abroad."

"Encouraged by the tangible progress the local government has made to improve the business environment, such as lower tax rate and electricity price, fewer restrictions on business registration, we are confident of our market performance this year," said Su Qiang, Hsu Fu Chi's CEO in an interview with Xinhua.

"During that period, China was starting its reform and opening-up, but the door was not quite open, just a little bit," said Moon, who has lived in China on and off since the '80s, initially serving as a senior diplomat and later returning as an executive in the private sector.

"Extremely saddened by the bus accident in Pauri Garhwal, Uttarakhand. My deepest condolences to the bereaved families. I pray that those injured recover at the earliest," Modi said in a statement, tweeted by the Prime Minister's Office.