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"Companies with continuous losses and high debt-to-asset ratios will face risks, along with private construction, coal, logistics, real estate, and small thermal power companies," he said.

"China's remarkable progress in reducing extreme poverty has significantly contributed to the decline in global poverty," noted Hoon S. Soh, World Bank Program Leader for economic policy for China.

"China's opening-up of the financial sector has provided business opportunities for foreign financial institutions, as well as promoting reform and competition in the domestic financial markets," said Chen.

"Cultural exports, which undertake the responsibility of cultural communication between different countries, will help enhance the soft power of a country," he said.

"Cross-border and cross-industry ecosystems have risen with the new technologies," she said. "Cooperation has thus become a must for the global financial industry."