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"For Chinese wine consumers, imported wine has become more approachable and is increasingly consumed by middle-class drinkers and seen as suitable for consumption at more informal gatherings," he said. "Wine flavor has been increasing in its importance as a driver of choice and Chinese consumers are seeking wines that they enjoy consuming."

"Financial institutions, especially some commercial banks, became hesitant or overreacted to the tightened regulations, thus they suspended part of their financing activities and stopped large-scale investment in nonstandard credit assets already－one of the reasons that led to the current liquidity pressure," said Wei Xing, an expert in asset management products with a domestic securities company.

"Green transition is a big challenge for the firm, but it is also a great opportunity," Li said.

"Hawking's wheelchair is extremely costly and cannot be mass-produced. Not every ALS patient has access to such assistance, so we wanted to produce an affordable substitute," he said.

"Free trade zones reflect China's policy of opening-up and the benefits will mainly lie in the liberalization and facilitation of trade and investment," said Huang Xianhai, vice-dean of the School of Economics at Zhejiang University.