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"Eliminating some of the differences in taxes and regulations and streamlining that will help improve competitiveness in the global context."

"Despite sluggish conditions in traditional pillar markets such as the US and many European countries in recent years, notable growth came from India, Africa and South America. This has somewhat offset tardy progress elsewhere," Li of the GTA said.

"Deepening SOE reform is also critical in cutting industrial overcapacity. Such reforms are helpful in improving SOE governance in accordance with market rules, letting market forces play a fundamental role in allocating resources," he said.

"Each exchange lasted less than a minute," Kushner said.

"During the process of deepening supply-side structural reform in the financial sector, the CBIRC kept improving the efficiency of financial resource allocation, strengthening credit support to key areas and weak links in the economy, and stepping up the efforts to serve the real economy. At the same time, the regulator better integrated the prevention and mitigation of financial risks with its support for the real economy, promoting a virtuous circle in finance and the real economy," said Liu.