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China's alcohol industry has been recovering since last September, stimulating the surge for Moutai. Wang Ying, an analyst at Hua Chuang Securities, said in a report that Moutai's daily wholesale volume had reached 40 metric tons on average, which had declined since the same time last year in an effort to control wholesale volumes.

China will further improve its management system to facilitate cross-border investment and fund-raising, while guarding against risks, she said.

China's GDP grew by 3.2 percent year-on-year in the second quarter, according to China's National Bureau of Statistics. Szafarz spoke highly of the growth, saying that China has overcome the adverse effects of the epidemic and the global economic recession, and has become the first major economy to resume growth since the outbreak of the epidemic. "This will play a positive role in the reconstruction of the world economy in the post-epidemic era."

China will strengthen IP protection across the board and improve the system of punitive compensation for IP infringements, according to the country's government work report.

China's ICBC operates a 0 million startup investment fund in India, while Bank of China received Indian regulatory approval for its retail banking services last week. Given that Bank of China is expanding its India footprint, SBI, which is Indian's pre-eminent "financial conglomerate", will explore potential joint ventures with Chinese entities, he said.