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China's successful economic growth over the past decades has not only accumulated wealth, but also improved the competitiveness of companies, which he believes "the Western companies and particularly American companies would not have thought could go so far."

China's reform heat index rose 1.67, or 2.56 percent, to 66.88 points in the second quarter, China News Service reported citing a report released by the China Society of Economic Reform.

Chinese Ambassador to Ireland Yue Xiaoyong, who also attended the press briefing, said the fact that the Dublin City Council has held the Chinese New Year Festival for the 12 consecutive years has demonstrated the friendship of the Irish people towards China.

China's smartphone vendors OPPO and Vivo ranked fourth and fifth, respectively, on the list released by Gartner, indicating a 2.7 percent decline in global smartphone sales in the first quarter of this year.

Chinese "tiger mums and dads" - it's a reference to new-age parents who have high expectations of their kids - are willing to spend big money for high-quality education.