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"Consumer markets in both economic areas will grow larger and provide final demand for companies in both economies," he told Xinhua.

"China's supply-side reform has reduced overcapacity in the steel industry by closing down those with issues of pollution and outdated capacity while controlling new capacity construction, and helped reduce steelmakers' debt levels. But we expect the government will continue to fortify the results of the supply-side reform and focus more on upgrading the steel industry."

"China's 2019 GDP growth target at 6-6.5 percent is reasonable and achievable, and we've seen a robust start for the Chinese economy this year such as stabilizing corporate capital expenditures," Bill Winters, group chief executive of SCB, told Xinhua on the sidelines of the just-concluded China Development Forum 2019.

"Chirac is probably best remembered for his opposition to the Iraq war, his resumption of French nuclear testing in the South Pacific and a willingness to take risks," he said.

"China represents a tremendous opportunity, given its significant market size, abundance of unmet clinical needs and active entrepreneurship landscape. Establishment of this Medtronic med-tech innovation accelerator forms another bold step to continue to advance innovation through collaboration," said Omar Ishrak, Medtronic chairman and CEO.