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"Domestic market entities need to be further vitalized by deepening reforms," Tang said, adding that tax cuts and accelerated infrastructure investment are expected to stabilize the economy this year.

"Even though COVID-19 has added a number of unstable factors to the global economy, we were able to witness China's quick recovery from the pandemic and the great resilience of its people, which makes us more confident about this market," said Zheng Dazhi, Asia-Pacific president of Bosch Thermotechnology, a German manufacturer of energy-efficient heating and hot water products.

"Even worse, illegal drug manufacturing and trafficking have intertwined with transnational organized crime, the illegal flow of capital, corruption and terrorism, posing a serious threat to regional peace and stability," he added.

"Fast value, fast ideas, convenience. You don't go to a hotel for special cuisine; you go to all the new restaurants around the city. The same thing has happened in the West — but what took the West 100 years has taken China 10 years."

"Every year, we will identify promising lawyers recommended by local lawyers' associations, who will receive special, practical training in Chinese universities. Then, we will recommend the most promising lawyers to institutions or large firms overseas for further training and communications," Wang said.