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"But the price wouldn't go up much even if it rises," he said.

"China has made positive progress in strengthening its financial regulatory system and resolving financial risks since the Party's 19th National Congress in October under the leadership of the CPC Central Committee, with Xi Jinping, general secretary of the committee, at the core," he told a special consultative meeting of the Chinese People's Political Consultative Conference, the country's top political advisory body.

"China has very, very impressive infrastructure — high-speed rail that would be an asset to the United States. But what they have succeeded in doing is going from very, very human capital poor to one of the better educated emerging economies," he said.

"China Depositary Receipts (CDRs), a form of share that will allow Chinese investors to gain exposure to foreign-listed shares, will soon be launched," Yan Qingmin, vice-chairman of the China Securities Regulatory Commission, told Xinhua-run China Securities Journal.

"But modern families are becoming smaller, with each one now comprising about 3.1 people on average, who prefer casual and small meals. Ready-to-eat food in convenience stores satisfies these needs, especially for a large number of young single people."