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"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."

"China will continually push forward the high-level opening up and welcome more investment from French enterprises and financial institutions. And the French side agreed to continue to open up trade and investment, provide non-discriminatory treatment to Chinese enterprises, and maintain a fair, transparent and predictable business environment," it said.

"Credit-based regulation is crucial for the sound working of market institutions," Li said.

"Cost reduction measures are an important part of the country's supply-side structural reform and will help effectively raise the vitality of the corporate sector," Pan Jiancheng, an official of the National Bureau of Statistics, told Xinhua.

"Chinese consumers, especially millennials, want to enjoy life... they care about their individuality and love to travel, and when it comes to shopping in both online and offline channels, they have unique tastes," said Guo Xin, a marketing professor at Beijing Technology and Business University.