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Analysts expect Lexus to soon join many other premium brands that see China as their largest market. For years now, the nation has already been the largest market for brands ranging from Audi and BMW to Mercedes-Benz and Porsche.

And with a rising divorce rate, she said China has become more used to the idea of women not being defined by their marriage.

André Hoffmann, vice-chairman of Roche, said that the CIIE is an important platform for the company to showcase its offerings to the Chinese. He added that Roche will be displaying its latest products and technologies related to the treatment of diabetes and cancer at this year's event.

Analysts agree that tax reduction has played a significant role in further boosting market vitality and driving industrial development.

And in the final award of the night, Amazon was going for best picture with “Manchester by the Sea,” but “Moonlight” took the prize — after a monumental screw-up. The “La La Land” cast and crew thought?it had won the Oscar after the wrong winner was declared — and then corrected minutes later.