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China is already a significant market for us and will continue to be important. In particular, we see the potential of stronger partnerships with our local clients who are looking to develop their consumer base both locally and globally.

China is toughening supervision on the banking and insurance sector with solid progress made in the first quarter of the year. [Photo/VCG]

China is a socialist country of people's democratic dictatorship under the leadership of the working class based on an alliance of workers and farmers; it is a country where all power of the state belongs to the people. China's socialist democracy is the broadest, most genuine, and most effective democracy to safeguard the fundamental interests of the people. The very purpose of developing socialist democracy is to give full expression to the will of the people, protect their rights and interests, spark their creativity, and provide systemic and institutional guarantees to ensure the people run the country.

China is set to welcome eight days of national holiday this year as the Mid-Autumn Festival will coincide with the country's National Day.

China has unveiled a slew of measures to defuse local government debt risk, including setting debt ceilings for local governments and piloting a debt-for-bond swap program.