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"Currently the most important event in our bilateral relations is President Trump's China visit in November," Xi said. "His visit will be a major opportunity for the development of China-US relations."

"Chinese consumers are demanding and looking for an upgrade and they are more willing to spend money on cosmetics and skin care products, and more people are paying attention to the quality of products," she said.

"Chinese consumers, especially those born in the 1980s and 1990s, are increasingly pursuing travel experiences that are comfortable, tailored and individualized," said Neil Wang, president of consulting company Frost& Sullivan China. "The change in the demand side will stimulate the change of the supply side, and both sides will together drive the growth of the sector and the overall economy."

"China's economic development is a process of actively integrating with economic globalization and constantly expanding its opening up," the NDRC said, adding that with better industrial, policy and legal environments, China has the foundation for opening up at a higher level.

"Corporates are forbidden to take guarantees from local governments," said a notice published on the NDRC website, an indication that companies should repay borrowed funds and take risks on their own.