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"Chinese women are showing an increasing sense of independence. This is encouraging more women to work, thus reducing their time and energy to do household work," said Neil Wang, president of consultancy Frost& Sullivan in China.

"China was going very fast, and the emphasis was on the rate of growth. In the new era, China will grow more slowly, but the emphasis would be on the quality of growth," Thornton said, adding that this is a good sign of economic maturity.

"Considering all these, we thought UnionPay credit card will be a great support for the growing business relation with China and other South East Asian countries where this card has high acceptance," he said.

"Chongli has turned itself into one of the best skiing destinations nationwide. With high-speed rail greatly improving transport connectivity between Chongli and the capital, its development will no doubt move up a giant notch," he said.

"Compared with financial risks, the negative economic impact of the pandemic is a greater risk currently faced by financial institutions. In this sense, by giving support to the real economy, financial institutions are supporting their own development and preventing and controlling financial risks fundamentally," said Liu Jin, executive director and president of China Everbright Bank Co Ltd, a national joint-stock commercial lender.