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"Continuing to implement tax cuts and fee reductions for companies, particularly for the manufacturing sector, will help reduce their burden and bring more benefits. The measure will also guide enterprises to increase investments in research and development and promote the transformation and development of the sector," Zhang Yiqun, deputy director of the China Special Committee on Budget Performance, was quoted in a report by the Securities Daily.

"Chinese brands will step further onto the global stage with their products, technology, management and investment, which will bring benefits to people across the world," he said.

"China's program to electrify road transport has set an example for the world in green development approaches," said Erik Solheim, executive director of the UN Environment Programme (UNEP).

"Compared with other brands, own-label products of supermarkets are usually cheaper, and they can help supermarkets to get higher gross profits. They can even set up specialized labs to research and develop more innovative products in their own brands, as this will help to lower the costs, raise customer loyalty and brand awareness," Wang said.

"Community smart gyms are getting more and more popular in cities, as they provide more exercise options for residents at their leisure and improve the quality of their lives," Zhang added.