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"Companies can put the money saved into research and development or use it to tap into new markets," Xu said.

"Creating icons is hugely important－if you can't see it, you can't be it－and now we have those athletes in place, we need to make sure people know about it. We're in a really good place at creating inspiration for our nation."

"China's enterprises are once again driving innovation and productivity around the world," said Lily Ma, head of Nutanix in China. "With digitalization reshaping every industry, our appetite for cloud is growing rapidly – and hybrid has become the natural choice for the country's enterprises."

"China's manufacturing economy continued to recover at a relatively quick pace in October," said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin.

"China's financial system remains stable and the surge in macro leverage has been curbed," said Peng Lifeng, deputy head of the Financial Market Department of the People's Bank of China, the central bank.