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"China's pledge to continue to deepen reform and opening-up by liberalizing market access and reducing trade barriers sends a clear signal that it wishes to not only improve itself, but to inclusively share the benefits derived from China's development model," Jon R. Taylor, a US political science professor at University of St. Thomas in Houston, told Xinhua in April.

"Companies need to explain one thing: 'What distinctive value can we create for customers?' If the question cannot be answered clearly, the development cannot be sustainable," said Xu Lianzheng, co-president of Kmind.

"China's media shares will be negatively influenced in the short term, but it's a piece of good news in the medium-and long-term that big film and TV stars will be more compliant about paying taxes and good film and TV producers will stand out," Wen said.

"China remains a critical market for European companies, dispelling the notion of economic decoupling," said Mats Harborn, president of the chamber.

"China, especially center areas in the first-tier cities, has now slowed down its development and construction in the real estate industry," said Gu Jianping, chairman and managing director of Shanghai Tower Construction and Development Co Ltd, "a more serious consideration is how to effectively manage the current assets in this field."