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"China's capital markets are undergoing the reform of minimizing administrative controls and strengthening crackdowns on illegal market behavior."

"Chinese companies have gained an upper hand in large-screen LCD displays. South Korea's Samsung and LG have announced they will exit from the LCD sector, which means Chinese panel makers will take a dominant position," said Li, adding that the South Korean firms will focus on OLED and QLED(quantum dot light-emitting diode) displays.

"Chinese marathon development has encountered many difficulties, the first of which is the lack of a marathon culture and awareness of the rules," Yu said.

"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."

"China's industrialization and urbanization is a lasting effort. We have many people that are yet to move to the cities and start new lives. We should remain unrelenting in our efforts to live up to the people's expectations," Li said.