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"China is a very important market for Microsoft," he said. "It is unique in terms of its energy, as businesses here are responsive to cutting-edge technologies including artificial intelligence and cloud computing."

"CPI may continue to be pushed up solely by pork in the next few months, making it unnecessary for monetary policy to respond by tightening up," Yang said, adding that monetary policy is expected to keep making the stabilization of economic growth the priority.

"China is active in all areas of the organization's activities and it is clear that China's participation was vital to the successful negotiations in both the Trade Facilitation Agreement (TFA) and the plurilateral initiative expanding the Information Technology Agreement," he told Xinhua.

"But now Chinese consumers are more experienced and sophisticated. We think it is the moment for Italian wine," he added.

"China is the second-largest market for the test now, and we'll continue investing in the subscription business as well as the Duolingo English Test," Loh said.