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And according to Beijing's centralized drug procurement platform, pharmaceutical companies, including Pfizer and Xian Janssen, have reduced the prices of some anti-cancer drugs. Among them is crizotinib, a drug that treats non-small cell lung cancer, of which the price has been cut from 53,400 yuan (,835) to 51,348 yuan per box. 

Analysts said ASEAN's focus on regional cooperation implies the leaders' acknowledgment that they need to go beyond providing fiscal stimulus to their domestic economies.

An outdoor sports enthusiast, Boisjoli said China is no longer the distant outpost it once was for BRP.

Analysts said the upgrade in consumption presents opportunities as well as challenges.

Analysts said that the reform measures are an example of China's efforts to deepen market-based reform in the financial and banking industry. It is also a response to the top leadership's call for improving the role of the financial industry to better serve the economy and support smaller businesses which is crucial for the country to achieve the goal of ensuring stability in key areas such as employment and people's livelihoods.