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"China's manufacturing industry and logistics businesses typically shut down a week earlier and later than the official holiday period so employees can make the long journey home to the nation's vast interior," the report explained. "All in, the Lunar New Year can last up to 40 days thanks to the extended travel times and family reunions."

"Coupled with ongoing urbanization and rising domestic demand, powered by the Chinese government's measures to shift the economy to an internal consumption-driven model, the market potential in the Chinese mainland, particularly in lower-tier cities, continues to be attractive to jewelry retailers of all sizes," said Yang Lixin, director of the gemological training center for China's National Gem and Jewelry Technology Administrative Center.

"Considering all these, we thought UnionPay credit card will be a great support for the growing business relation with China and other South East Asian countries where this card has high acceptance," he said.

"China will make joint efforts together with the rest of the world community to promote the UN playing a greater role in safeguarding world peace and promoting common development," Ma said. "Also, China will make its own contribution to promoting a new type of international relations based on mutual respect, fairness, justice and win-win cooperation, as well as building a community of a shared future for mankind."

"China still has the potential to mobilize resources to support the economy. For example, we could continue to lower the RRR, lower interest rates and inject more liquidity into the economy," he said.