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"For the procurement system in China, we are requesting the Chinese government to give Indian drug companies access. We are very hopeful that Indian generic drugs will have a bigger market in China, at a more affordable price," he added.

"Generally, private companies in China have focused more on business than management and pursued rapid business growth rather than sustainability," William Chou, vice-chair of Deloitte China and leader of Deloitte Private, said.

"For a long time, a very low proportion of land transaction revenue was used for rural development," Han said at a news conference organized by the State Council Information Office. "We will innovate the policy procedure and cut more from the 'cake' of land transactions and give them to rural areas to facilitate the poverty-relief campaign and rural vitalization."

"From January to June, the 12 free trade zones attracted 69.47 billion yuan in foreign investment, up 20.1 percent year-on-year, accounting for 14.5 percent of the nation's total," she said, adding the ranking of China's business environment in the world has climbed 50 places in the past six years since the free trade zones were set up.

"Global recovery creates good conditions for China. Chinese government appears ready to raise the anchor and set sail. We sense a tilt in the balance toward faster reforms in 2018, which marks the 40th anniversary of reform and opening-up," said Ding Shuang, chief Greater China economist with Standard Chartered Bank.