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"Chen has seriously violated political discipline and rules, has no political faith and has held a distorted worldview," the statement said.

"China is in a new era and Chinese people need a higher quality of life, which also requires a higher quality energy system, and that basically means less coal and more natural gas and more renewable (energy) in the mix," he said.

"China is doing wonderful things right now," said Sandy Vasan, an independent consultant.

"China accounts for 60 percent of the world's most successful female entrepreneurs, while Chinese women make up one-fifth of the world's female population," said Rupert Hoogewerf, chairman and chief researcher at Hurun Report. "Reform and opening-up, as well as entrepreneurship of Chinese women, can be the reason behind this story," he added.

"China market has bounced back from the impact of COVID-19 better and faster than we have expected, which provides huge opportunities for us. China market is now expected to be our fastest growing overseas market," added Hitchcock.