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"China's financial sector de-risking accelerated with a wide range of decisive measures adopted; credit growth slowed; overcapacity reduction progressed; anti-pollution efforts intensified; and opening up continued," according to a statement issued by James Daniel, assistant director of the Asia and Pacific Department of the International Monetary Fund (IMF), after the IMF annual Article IV review of the Chinese economy.

"Cocoa is a raw material for making chocolate. With the increasing demand for chocolates, Hainan has been expanding its cocoa planting area and making breakthroughs in technological development," said Hao Zhaoyun, a researcher with CATAS.

"Chinese tourists are increasingly seeking individualized and distinctive experiences. Unlike before, they are more willing to slow down their pace and enjoy trips with certain themes, encouraged by their growing spending power and evolving tastes," said Dai Bin, director of the China Tourism Academy.

"Chinese consumers' tastes have changed compared with 20 years ago and they want to try something different now," said Sergio Pavon, an international relations officer at the EU Commission.

"China's reform and opening-up will be further strengthened in the future and the country will explore higher-level and more liberal opening-up policies," he said.