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"China has entered into a new era, and I'd like to say, in the new era, there is something continuous from the past: China will continue to deepen the reform, and the reform will always be on the road," he said.

"COSCO Shipping's philosophy is cost-effectiveness. ... Noatum Ports is following it," he said.

"China is moving into its science and technology phase, and technological advancement relies on intangible assets such as patents and protecting intellectual property. It is important there are moves in this area," he said.

"But using business operations to lure young people without earnings to support their idols by paying a lot for celebrity-endorsed products or attending promotional events is undesirable," Wang said. "It's an improper marketing event or promotion."

"But there is no need to panic. The contraction in earnings of most industrial sectors should substantially narrow in the second half of the year as domestic demand recovers," Yang said. He also underscored the importance of offering more tax relief and financial aid to hard-hit exporters as well as small businesses.