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"Currently, financial risks are one of the most prominent and major type of risks in China … The country is still facing relatively huge pressure for a possible rebound in nonperforming loans, and the inventory of shadow banking activities is still fairly large, with frequent occurrence of law and regulatory violations," said Xiao Yuanqi, chief of the prudential regulation bureau of the China Banking Regulatory Commission, at a news conference on Friday.

"Consumption spending in both the home and global markets is expected to rise at a fast pace this year, pushed by China's ongoing consumption and industrial upgrading, as well as the emergence of new industries, including e-commerce, 4G and 5G technologies, mobile payment, virtual reality and the sharing economy," said Zhou.

"China's film market is breaking records and bringing surprise every day, every minute and even every second, showing the great potential of this industry," Rao Shuguang, president of the China Film Critics Association, said.

"Companies that ultimately go on to have success … what they have understood is that while content is critical, distribution is king," Wehmeier said.

"Chu experienced frustration and ordeals during his life, but we can't erase the spirit he embodied. We can see the spirit of struggle, exploration and innovation," said Zheng Xiaoyun, a researcher at the Yunnan Academy of Social Sciences.