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"China will unswervingly deepen the reform of exchange rate marketization and continue to improve the managed floating exchange rate system, which is market-oriented and formulated in reference to a basket of currencies."

"China's stance on trade war has been consistent and clear. We do not want, but is not afraid of a trade war.

"Consumption of imported wine has increased 2.5 times in the last five years on the Chinese mainland," Beros said. "We expect this trend to continue for the foreseeable future."

"Commercial banks should not overlook the importance of digitalization, including fintech and big data, with which they can advance the transformation of their retail banking business," he said.

"China still has sufficient policy tools to handle possible shocks," Zhang said at the China Finance 40 Qujiang Forum in Xi'an, Shaanxi province, on Saturday.