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"Combined with the effect of lower corporate tax, we believe it will encourage overseas US firms to send back their profit. It may even produce a wave of profit repatriation," said Professor Zhu Qing with the School of Finance at Renmin University of China.

"Chinese customers love the Porsche brand that is designed and engineered in Germany, and that is for us quite an important criterion," he said.

"China's economic development will increasingly depend on domestic circulation, and the exports-to-GDP ratio will gradually decline to the levels of the United States and Japan," he added.

"China's hybrid rice research is leading the world and has made significant contributions in easing Africa's food shortage problems. Compared with conventional rice, hybrid rice has obvious advantages in production. In China, grain output from hybrid rice plantations can feed up to 80 million people," Ma said.

"Currently, some local governments are still illegally running into debt in disguised form, with the forms of debt becoming increasingly diversified and the risk growing," said a director of the finance department at the ministry.