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"But there is no need to be overly anxious about the risks as China has a deposit insurance plan. By taking measures such as appointing another bank to temporarily manage the bank amid a merger and acquisition process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"China Unicom is the biggest beneficiary of the mixed-ownership reform, as it could utilize cutting-edge technologies from internet giants, access more channels and potential customers, as well as enhance its telecom service quality through introducing new strategic investors," said Peter Liu, research director at consultancy Gartner Inc.

"China is an important factor," said Suan, adding that China's performance will be particularly important for the countries of the Southeast Asian regional grouping.

"China is now one of our fastest-growing and most strategically important markets."

"But students of calligraphy and painting are often told that Xuan paper is the best," said Huang Feisong, who specializes in the study of the ancient paper, which is made in Jingxian from the bark of the blue sandalwood tree, a common species of elm, and a special type of rice straw grown in sandy soil.