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"China's economy is increasingly driven by domestic demand, so it is important that consumer spending has continued to bounce back," Rothman said, adding the improvement in consumer spending and sentiment has come in advance of a full recovery in income, suggesting a fairly high degree of confidence in the future.

"Chinese consumers, especially those born in the 1980s and 1990s, love living a quality life … they like traveling, caring about their individuality, and have different pursuits to match their lifestyle. More importantly, they love their cultural identity and are willing to show it," she said.

"Collaborating with outstanding partners like WaveForm is a highly important cornerstone of Bayer's strategy to transform innovation into meaningful solutions for patients," said Marianne De Backer, member of executive committee of Bayer's Pharmaceuticals Division and head of Business Development & Licensing. "China is a key focus of our partnering efforts and we are continuously looking for partners developing digital technologies."

"China's continuously improving business environment, growing innovation ecosystem, and its stable policy environment gives us confidence in the future of the market," said Christine Zhou, senior vice-president and president for the China region for Novo Nordisk.

"China's election to the Human Rights Council five times fully demonstrates the international community's recognition of China's human right achievements and its contribution to international exchanges and cooperation on human rights," it said.