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"Few will deny that Chinese currency is set to become a more important player on the world stage, particularly through the lens of China's Belt and Road Initiative," she continued.

"Developing policy and infrastructure which can satisfy the demand for consumption upgrades is key to improving the consumption growth system, which plays a fundamental role in economic growth," Zhao said.

"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Enterprises now think there will be political risk involved for relocating their staff to Hong Kong," he said, and if the turmoil is not settled in the near future, "some job positions may be diverted to other countries in the region".

"During the Spring Festival, when members of a family get together, we feel that reunion is happiness and unity is strength," said Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission.