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"Children's mathematical thinking training is a market with great potential and Huohua will take further moves to tap the trend," Luo said.

"China has always been conducting favorable policies and it will further enhance its appeal to foreign investors, thereby combating the decline in advantages China used to have and the fierce competition for foreign investment from other countries," he said.

"But we do believe that our action will provide a meaningful boost to the economy," said Powell. "More specifically, it will support accommodated financial conditions and avoid a tightening of financial conditions which can weigh on activity and will help boost household and business confidence."

"But most importantly, enterprises should improve their capability of protecting their own IPR," he added.

"China must also adjust the previous five-category system to adapt to changes in international financial regulations and accounting standards, as well as to enhance the accuracy of asset quality classification."