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"Central banks can act quickly to help ease the tightening of financial conditions by injecting liquidity and cutting interest rates, thus preventing a possible credit crunch," said Tobias Adrian, an official at the International Monetary Fund. "In fact, markets have been anticipating aggressive easing by central banks, as reflected in the sharp fall in sovereign bond yields in many countries around the world.

"China has actively promoted 5G construction and local consumers are also holding an open mind to embrace the technology, which laid a relatively solid foundation for 5G development in the country," said Zhang Jin, a researcher from the China Center for International Economic Exchanges.

"Chengdu is a unique city known for pandas and its cuisine and chili peppers," Ren Faqiang, Chinese deputy consul general in San Francisco, told the press conference. "Sichuan cuisine is catching on quickly in China and the US as well. I hope the food can bring the two star cities closer."

"China also welcomes the participation of foreign enterprises in the process, if they are interested," he said. "With reforms deepening, the SOEs will take on a new look and make new achievements."

"By going over a novel with intricacies of plots and characters with various dispositions that mirror the real world, young people can have a better grasp of moral values and nurture better judgment," he said.