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"Commercial banks' general asset management business contracted last year, largely due to the newly released asset management regulations. But China's private banking sector grew unexpectedly, leading wealthy Chinese to invest in the country's key sectors to optimize social resources and accelerate the transformation of China's banking industry," said Bai Ruiming, deputy secretary-general of the association.

"Concerted efforts will be dedicated to improving a range of infrastructure facilities, covering electricity, housing, logistics, information technology and more, and to enhancing public services in aspects of education, healthcare and social security," he said.

"China's growing middle-class has more money to spend, particularly on high-end, nutritional dairy items," said Song Liang, a senior independent industry analyst.

"Coding is very interesting, and I want to become a professional coder when I grow up so I can design really complicated and interesting games."

"China's continuously improved business environment, growing innovation ecosystem, and its stable policy environment make us confident in the future of the market," said Christine Zhou, senior vice-president and president of China at Novo Nordisk.