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"Finally, in 2018, the government promised to further reform the healthcare and elderly care systems, raise insurance benefits and increase per capita government subsidies for public health services. Over the years, these reforms have enabled a significant improvement in healthcare access and led to an increased demand for medicines, providing opportunities for healthcare providers and pharmaceutical companies."

"For example, in Wuhan, Prime Minister Modi and President Xi spent almost 10 hours covering seven events, which included four one-on-one meetings, a stroll, lakeside tea-tasting, a boat ride and a museum tour," he said.

"For a good company, there are many destinations for listing, and these are not limited to the US. We don't think that the US government's measures would have an irreparable impact on our business," said Li.

"Generally speaking, this year PICC's focus is to foster strengths and avoid weakness," said Miao Jianmin, chairman of PICC group. "We will maximize the advantages of our brand images, teams and market share, while accelerating market-oriented reform and embracing cutting-edge technologies to overcome our shortcomings."

"Fixed-asset investment, especially infrastructure, may slow further in the coming months as tighter financial regulations, especially regarding shadow banking, are starting to bite," he was quoted by Bloomberg as saying.