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"China's new car market went through exponential growth. It's the biggest new car market in the world," said Emma Butcher, SMMT's head of communications, in an interview with Xinhua.

"Chinese tax system reform will continue to deepen this year, with more aggressive tax cut plans. But the key is to balance relationships between fiscal income and expenditure, as well as between the central and local governments," said Deng Liping, a professor from the school of economics at Xiamen University.

"Compared with the older generation, they are more willing to pay for convenience, entertainment, mental stimulation, companionship and education that will benefit their future careers."

"Currently, companies in many inland cities in China still have to bring their goods to harbor cities to finish all the required examinations," Tu said.

"Currently, the world is experiencing an unprecedented period of opportunity driven by technological development, which can rebuild global financial infrastructures and connections," he said.