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"China-Russia ties are mature and stable, and are secure against changes of the external environment," Hua told a daily news conference.

"Currently, gaming companies are adapting to the new policies. We estimate the gaming industry will continue to grow steadily over the rest of the year, and is set to see a significant jump in the next two years," Liu added.

"Costco is good at building a loyal shopper base through its paid membership program with low prices and a select number of stock-keeping units. The question is whether they can replicate this in China easily," said Jason Yu, general manager of Kantar Worldpanel China.

"Consumers aged 23 to 38 are willing to spend on luxury brands, and financially able to do so. Fully 70 percent of China's millennials own their own homes — twice the rate of US millennials, according to HSBC's Beyond the Bricks study," the report said.

"Cuba hopes to open (its markets) as China has done, and we see this business forum as an opportunity. Tourism is very well developed and we believe that our products will have a great advantage here," he said.