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"Creating a new chilled milk brand for Chinese consumers will enable them to upgrade their dairy consumption," said the statement, without elaborating on the details of the new product or the brand, nor the size of the investment.

"Clearly we are not in total control right now," Fauci said. "I am very concerned because it could get very bad."

"Currently, SMEs are expected to ensure enough cash flows and prevent disruptions by increasing business income, reducing operating costs and obtaining external financing," said Huang Yiping, a professor and deputy dean of the National School of Development at Peking University.

"Compared to statements from previous years, this year's meeting made it clear that stable home prices will be a priority of any local measures. As such, we will not see continuous house price rises in a single market in the future," said Zhang Bo, chief analyst of Anjuke.

"China's principle of adhering to mutual respect and treating each other as equals is the fundamental principle to continuously deepen the cooperative relationship between China and ASEAN," he told Xinhua.