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"Credit demand dropped in October, while the aggregate financing growth may continue to slow in the coming months. The government's fiscal spending might have lagged, as indicated by the higher funds in the national treasury," said Ming Ming, an analyst with CITIC Securities.

"China's civil aviation development has two important driving forces－opening more international airlines, which cannot be replaced by high-speed rail, and building more small and medium-sized regional airports in the southwest and northwest," said Li Xiaojin, a professor of aviation economics at Civil Aviation University in Tianjin.

"Chinese key electronic components and computer chips went from nearly unusable 10 years ago to being key parts of China's major defense and science projects, from space programs to deep-sea sub?mersibles," Diao said.

"Chinese consumers have become increasingly willing to pay for better services in the past one to two years," said Chen Zhiyu, senior vicepresident of Sam's Club China. He predicted that the membership model would enter a phase of explosive growth in the years to come.

"Contacts between the cultures of East and West really began in Macao," said Nicholas Platt, a former US ambassador, who spoke at the event.