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"China is taking a leadership in maintaining free trade, and actively collaborating with international partners. The world cherishes that leadership, because collaboration and not confrontation is the way forward."

"Changsha has a largely undervalued real estate market and the restrictive policy will help curb housing speculation," Yan added. "The previous restrictive policy targeted individual buyers, but companies were not directly affected."

"China is willing to share growth opportunities with the rest of the world. Honeywell has invested heavily in China, and we are picking winners," he said.

"China needs to deepen high-level economic and trade cooperation with Japan, the Association of Southeast Asian Nations, the European Union, Russia and countries and regions involved in the Belt and Road Initiative. And China also needs to actively participate in and promote the development of a rules-based international trade and investment system."

"But we still need to pay attention to the potential influences and prevent financing difficulties for small business in the second half, as tight financial regulation is expected to continue."