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"Corruption and fraud still exist in the poverty alleviation sector," Hu said, adding that 187 officials in 39 counties made use of their work positions to improperly aid family relatives and friends or even embezzle the funds.

"China's economic development is in a strategically important period, and the prospects for the futures market is very promising," Fang said.

"China's experience provides valuable lessons to authorities in other countries which are fashioning their own pathways toward sustainable and long-term financial inclusion," it said.

"Compared with Hollywood, there are not many box office blockbusters among made-in-China movies. But China is on the right track by attracting more experts in the field and continuing to optimize its systems and policies for the film industry," said Feng Wei, vice president of the Asia-Pacific region and president of the Greater China region of the Motion Picture Association of America.

"China used to have comparative advantages in developing labor-intensive industries with its abundant and cheap labor to export goods to the international market and benefit from globalization," he said.