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And that is why I was there Friday night, at the bar, on a mission.

Analysts said a recent weak dollar is one major reason for the continued gain of China's forex reserves.

Analysts: Move is positive for trade ties, helps meet domestic demand

And I think it's important that the plans are executed so that the world can truly enjoy the benefits of open market access and a transparent, fair and level playing field. These initiatives are already on track in China, and I certainly hope that they will be successful in the future.

And as outbound travel is restricted by the coronavirus, consumers are less sensitive to price and more willing to pay during domestic trips, which are good for high-end tourism, he added.