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"China has numerous patients suffering from chronic diseases and mental illness, and is becoming an aging society. In addition, the public have more spare time and increased salaries," he said, adding that "this is a great transformation opportunity for China."

"China could take advantage of the lower crude prices to start filling in its SPR, as the country is still shy of its target of 900 million barrels, equivalent to 90 days of the country's net imports," Luo said.

"Changes in any single country will only have a minor influence on Huawei's global business," he said.

"China offered a model of recovery, stabilization and then growth," David Weinberg, CEO of Skechers USA Inc, told analysts on an earning call. Overall, the sneaker company's quarterly sales dropped 42 percent from a year earlier but were bolstered in part by 11.5 percent growth in China.

"China is playing a much more active role in the United Nations, and it's playing a greater role in the IMF and the World Bank," said Robert Hormats, Kissinger Associates vice-chairman.