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"Every 100 Chinese households in rural areas owns 43.8 units of air conditioners, while each (group of) 100 urban families has 124 units. In Japan, every 100 households owns 272 units of air conditioners, so China's air conditioner market still has a lot of room to grow," said Yang Jie, general manager of industry consultancy ChinaIOL, adding the rural and urban markets show different demand characteristics.

"Even as home prices keep climbing, we are seeing signs that growth is easing in the housing market," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices in a release.

"Eliminating the restrictions on joint ventures and cooperation in oil and gas exploration and development, plus introducing multi-market entities (including foreign companies) in domestic oil and gas resource exploration and development, will enhance market activity, create a fair and open access environment, and help to further enhance the exploration and development efforts and technological advances of domestic oil and gas resources."

"Establishing dialogue and mutual trust is key. We must maintain the trends of globalization and strengthen international cooperation."

"Elderly people are like children who want to be praised. It's not enough to focus on their food and living facilities, their spiritual needs should also be properly addressed," Hao said.