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"China-US relationship is one of the most important bilateral relations in the world, for which economic and trade cooperation is the most active and lasting driving force," Hong said.

"Chinese luxury-brand consumers are younger than Bulgari's consumers worldwide. Compared with European consumers, Chinese consumers are exposed to luxury brands at a younger age. The average age of our Chinese consumers is between 25 and 35, while the age of European consumers ranges from 34 to 45," Babin added.

"Continuing the move toward a more market-based and transparent monetary policy framework is a key element in ensuring an orderly transition to an effective float, which may also require use of foreign exchange reserves to smooth excessive volatility," suggested the IMF, proving that China's foreign exchange reserves are sufficient.

"Consumption will contribute about 6 percentage points of China's GDP growth, which will reach 8.2 percent next year, according to our estimation," he said.

"China will remain a must-win market for car brands in the foreseeable future," said Paul Gao, senior partner and head of McKinsey's automotive practice in Asia. "As Chinese consumers continue to become more sophisticated, automakers must reinvent their success formulas to surprise and delight them."