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"Chinese language is very beautiful," said Graef, who has studied Chinese for five years. She said Chinese culture was attractive to her, especially Chinese literature, which she said is so different toWestern literature.

"China should refrain from monetary overflow in the face of downside risks, as this could cause long-term capital outflow pressure," Yang said. "Instead, the monetary authorities should focus on re-channeling money supply occupied by low-efficiency sectors into more vibrant private enterprises."

"Chinese companies should look beyond the domestic market in business expansion. They need to invest as quickly as possible in the global culture and creative industry," he said.

"China's equity market is experiencing a big 'physical examination' this year but the sector needs such adjustments for the survival of the fittest," he said.

"Ctrip maintained healthy revenue growth and achieved continual improvement in operating efficiency," Ctrip CEO Sun Jie said. "We are confident that Ctrip will generate long-term value for shareholders in the years to come."