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"Clients are unlikely to come back to the company after the one-year suspension," the former Dagong manager said.

"Competition is rising in the US," Joji Tagawa, a Nissan corporate vice-president, said on Thursday at the company's earnings briefing in Yokohama, Japan.

"Consumers now have higher expectations for online-to-offline business," said Bruno Lannes, a partner at Bain & Co, the global management consulting firm, in China. "Retailers must come up with new models."

"China's economy has achieved high-quality growth and the country's internet and technology development has gained momentum thanks to reform and opening-up," Ma, who also chairs internet giant Tencent, said ahead of the opening meeting of the first session of the 13th NPC.

"China will further reduce the negative list for foreign investment in its FTZs, and explore the establishment of a cross-border negative list management system for service trade in the FTZs this year," she said.