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"Considering the positive recovery of market demand as the epidemic is getting under better control in China, we are confident in achieving our expected whole-year target of double-digit growth," said Li Shuguang, president of Wuliangye and an NPC deputy, on the sidelines of the ongoing two sessions in Beijing.

"China stands ready to work with Japan's new leader to continue to abide by the principles and spirit set in the four political documents between the two countries, deepen cooperation in fighting the COVID-19 pandemic as well as economic and social development, and promote the continuous improvement and development of China-Japan relations," said Wang.

"China will become one of the world's hottest IPO markets," said Amanda Zhang, PwC China private equity partner.

"China still has a lot of opportunities to develop itself. We have a very big and important business here. We double our business in China every five years or so, and we will continue to invest in the largest cities, while expanding in smaller cities."

"Companies producing substandard fireworks will be ordered to rectify the problems, while those violating product-safety regulations in the production process will be punished," he said.