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"Competition will also lead to cheaper battery prices and more industry consolidation, and the rest of the domestic battery manufacturers will have to fight more fiercely for market share."

"China will not close its doors and will open even wider," Xi said, adding that foreign companies will find China's market "more open, more transparent and more orderly". The large population remains a bonus of China's economy and Chinese market potential is great, he said.

"China will take all sorts of necessary legal and administrative measures toward entities put on the list," the column said. "Foreign enterprises must obey laws and regulations if they want to grab development opportunities in the Chinese market."

"Chinese consumer sentiment was ahead of other key markets, with 85 percent feeling settled into a new and familiar routine and 24 percent feeling fully reconnected to their life and previous routine," said Cleaver in a statement.

"Currently, the market penetration rate of China's commercial pension products is below 10 percent," said Chen. "In order to fully meet the challenges posed by the aging population, the need to develop an individual pension system is urgent."