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"From now on there will only be challenges, and I will always carry out bold reforms as a challenger," he said.

"First, there would be no winners from a global trade war. Even if the aggregate costs are modest and skewed toward more open economies, all countries would ultimately be worse off compared to the status quo," noted Neil Shearing, group chief economist at Capital Economics.

"Given recurring financial fraud, it is vital for the public to learn financial knowledge and enhance risk awareness," said Liu Jianjun, vice-president of the bank. "Within the program, we plan to spread financial knowledge through a number of channels, ranging from online short video and offline micro courses to printed finance books."

"Government at different levels should take the initiative with the big picture in mind, striking a balance between 'enabling' regulation and risk preparedness, in our effort to build a level playing field for all to compete and excel."

"Good-selling brands have good bargains from suppliers, and some are raising the prices of their cars a little bit, but the customers still love them," Wu said.