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"China's financial and asset management markets are full of vitality and opportunity. As individual investors' demand for wealth management products keeps growing and regulatory authorities continue to introduce proactive and open policies, the markets will be provided even bigger boosts," Lin said.

"Congress must find answers to what happened in these two accidents," said Representative Rick Larsen, a Democrat from Washington state and chairman of the Aviation Subcommittee. "The committee will not hesitate to act to assure the safety of the US air system."

"China's appetite for consumer goods－on steroids post-COVID－continues to amaze the rest of the world," said Jacques Penhirin, the Oliver Wyman partner who led the survey.

"China will become increasingly open, transparent and predictable to foreign investment, and its overall trade investment will be better and better," Li said at the opening ceremony of the World Economic Forum's Annual Meeting of the New Champions in Dalian, Liaoning province.

"Competition in the retail market has been intensive and independent oil companies are also expanding their retail networks to compete with the State-owned ones," she said, adding that Sinopec's retail volume fell 3.47 percent year-on-year in the first quarter.