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"Chinese contractors have increased the supply of affordable houses and hence help to stabilize the price of houses in the country," Makathimo said during the release of a report on the status of service delivery in the land sector.

"Consumer habits have rapidly changed and internet-based industries and companies have expanded in recent years", he said, adding Epson sees a huge potential for growth in third- and fourth-tier cities of China.

"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."

"China's mobile industry has been a key driver of economic growth, inclusion and modernization－creating a new generation of digital consumers and transforming industry and society," Granryd added.

"China's overall global image is gradually improving under the leadership of President Xi Jinping," said Wang Gangyi, the deputy director of the China Foreign Languages Publishing Administration.