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"Chinese people spend billions of dollars on overseas trips every year, among which about 40 percent goes on accessories, including jewelry and watches," Li said. "That opens a 600 billion yuan market for the related business sector here."

"China's main consumers are young people who persistently pursue beauty, novelty and enjoyable experiences, so it is important for cosmetics brands to look into their needs and innovate accordingly," Cui said.

"China will continually push forward the high-level opening up and welcome more investment from French enterprises and financial institutions. And the French side agreed to continue to open up trade and investment, provide non-discriminatory treatment to Chinese enterprises, and maintain a fair, transparent and predictable business environment," it said.

"China's M2 growth is slightly lower than nominal GDP growth, but we should monitor more indicators, such as prices and jobs, to see whether liquidity is tight," he said.

"Chinese banks' capital adequacy ratio is higher than the international minimum standard by two to three percentage points, meaning there is enough ammunition to fend off risks," said CBRC official Xiao Yuanqi.