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"China's economy has maintained a stable and sound momentum. Such momentum will lay a solid foundation for the economy to achieve its annual growth and employment target," Mao said.

"China, like the United States, has a problem with an uneven distribution of wealth, which can result in social tension and popular resentment toward the moneyed class," Moser says.

"Currently, the data of banking institutions lack accuracy, comprehensiveness and timeliness. These quality problems for data have prevented banks from heading toward high-quality development and have affected the regulatory efficiency," said the China Banking Regulatory Commission in a written explanation for the latest guidelines posted on its website.

"Cultural industries now account for more than 4 percent of the country's gross domestic product, but their role in economic upgrading is more substantial than this figure - they are helping with the upgrade of other industries," Zhang said.

"Chinese consumers have been really receptive to the product and its proposition. The reuse rate is extremely high. We see a robust market there owing to Chinese mothers' preference for safer and more premium baby formulas, the consumption upgrade and the universal second-child policy, that have helped to adopt and grow this new category and lead a new trend," he said.