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As for spending on cars in the US by Chinese students, it reached about .5 billion in 2012 and 2013, according to Bloomberg, while a comparative American group of US students spent just .7 billion on vehicles.

As administrative and business reforms proceed in the country, new growth drivers are emerging to boost employment with a large number of newly-registered market entities, said Mo Rong, deputy president of the Chinese Academy of Labor and Social Security. The first quarter saw 1.32 million new enterprises being registered and business startups have continuously increased employment, he said.

As a crucial link in China's manufacturing industry chain, the Optics Valley in Wuhan plays a critical role in the country's optical communication segment, Xiang added. The rapid growth of emerging industries and digital technologies such as artificial intelligence, cloud computing and big data has helped prevent and control the contagion.

As a part of the Open Digital Library on Traditional Games, the documentary Capoeira meets Chinese Martial Arts was screened on Monday in Beijing and showed the sparks between the two traditional cultures.

As for the Chinese bond market, challenges for foreign investors could be how to reconcile or reclassify onshore ratings in a global index, and the limited liquidity and weak disclosure standards, which hinders fair market pricing and efficient secondary trading, said Nino Siu, a senior analyst at Moody's Investors Service.