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"China has had a good comeback," Bernard Arnault, LVMH's billionaire chairman and chief executive, told a news conference on Thursday, adding other regions including the United States also performed strongly. "These global business trends are continuing into this year," he said.

"China is IHG's second-largest market and the fastest growing one. We're confident of the long-term outlook of China's hospitality industry," he said.

"But the health for my granddaughter is the most important thing and I must be strict in implementing the rules."

"By far, Terminus has been operating its five existing projects in China, and the company will be able to see its global AI City network come into being once the final stage of the District 2020 project is finalized," Ai said.

"China is one of the few major economies in the world that have maintained normal monetary policy and we are still far from using the unconventional tools, such as the zero and sub-zero interest rates," he added. "China has sufficient policy space to support steady economic growth. Equipped with a rich policy toolkit, China is capable of coping with various uncertainties."