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"Culture renaissance is a must for a greater China. As a source of Chinese culture, traditional villages should be protected."

"Compared with developed countries, ice cream industry is still young in China and has a lot of room for growth," said Zhu Nianlin, director of the association.

"China's economy stabilized in the first quarter of 2019, better than expected, and will hopefully achieve stable growth for the whole year… The banking sector will continue to step up the efforts to dispose of nonperforming loans and will keep pressing ahead risk prevention and control in key areas," said Liu Zhiqing, deputy director-general of the statistics IT and risk surveillance department of the CBIRC, the country's top banking and insurance regulator.

"China's automotive industry has been the global leader, especially in setting the latest trends and advancing cutting-edge technologies," said Johan Karlberg, a Shanghai-based partner at Roland Berger Greater China.

"Clearly the first swap is a small amount, compared with the potential issuance of perpetual bonds that could be more than 1.08 trillion yuan as we estimated," said Jiang Chao, an economist with Haitong Securities, an A-share listed brokerage. "That could support credit growth of 6.82 trillion yuan."