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Strategically, eradicating "zombie" companies will be on top of the agenda to cut off overcapacity and adjust industrial structure in the next stage, according to the report.

Steve Mollenkopf, CEO of Qualcomm, said in a statement: "We have been cooperating with Xiaomi, Oppo and Vivo for a long time. We will continue investing into China's semiconductor and mobile industry."

Stressing that China's EU policy is highly continuous and stable, Wang said whether the EU is in good times or in bad times, China will, as always, firmly support the European integration process, the EU's unity and growth and Europe's more important role in international affairs.

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Still, Zhu warned that "at the moment, property prices in China are running at a rate much higher than the basic rate of general investment returns".

Such major achievements mean that after experiencing tribulations and hardships since modern times, China has made a historic leap from standing-up to becoming better-off to getting stronger.

Stronger ties

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Suffice to say, calling for the boycotting of Chinese products and those related to Chinese investors is not just a fool's errand but also risks backfiring. The truth is, China is no stranger to such "protests", most of which have ended up going down the drain partly due to the lack of participants.

Strengthening national security has been one of Xi's priorities since he became top leader in November 2012.

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Such is the legacy left by producer Angie Chai for a generation of people, not only on both sides of the Taiwan Straits, but also in more than 20 countries and regions around Asia-such was the extent of Meteor Garden's popularity.

Students from Shanghai scored on average 603 on the financial literacy test, beating the global average of 500, while American teens scored 492 and ranked ninth, according to a China Daily report.