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"Central enterprises' debt level has steadily dropped in recent years. Their total assets reached 54.5 trillion yuan in 2017. Their average debt to asset ratio was at 66.3 percent in 2017, dropping 0.4 percentage point over the previous year," Xiao said at a news conference on the sidelines of the ongoing annual two sessions.

"China has rich intellectual resources and a complex market structure. Multinationals have sped up the pace of setting up research and development centers in China in recent years," Wu said.

"China is a very important market to the BMW group. Last year, we nearly sold 600,000 cars in China, which is underlining the relevance and importance of China for BMW," Nicolas said.

"China is in a quite strong position," Albert Keidel, a senior fellow at the Atlantic Council, a US think tank, told Xinhua in a recent interview while commenting on China's economic performances.

"Catering firms, including milk tea makers, are facing certain pressures due to the impact of the epidemic, and they are keen to expand online sales channels. For milk tea brands, it is inevitable that they should expand into new retail channels," said Wang of Frost & Sullivan.