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"China is a big market for us and we can see it becomes more open," said Kamran Vossoughi, Michelin China CEO.

"But the policymakers would need to skillfully manage liquidity so that the case does not fuel a series of defaults, which would make the market nervous. We expect the Chinese government will be able to manage the rising credit risks in China," Pang added.

"China is huge, even if it's doubling its visitors, we will be still less than 1 percent of all the Chinese overseas tourists, there are just so many Chinese tourists," said John McCallum, Canada's ambassador to China. "We just need to convince the Chinese people, we just need to welcome them. We have visa functions to service them. I am very confident we'll hit the target."

"By the end of August, Bond Connect has drawn in 1,244 institutional investors, with another 110 investors onboard during the month," the report said.

"Children are precocious now; it's necessary to adjust the age of criminal responsibility," he said.