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"China has talked about reform and opening-up ever since I first started going there in the early 1990s, and they have done a very good job, so now let's keep it up," he said.

"Canva has put the Chinese market high on its agenda, which will enable the company to localize in the country," said Shen Nanpeng, founding and managing partner of Sequoia China.

"But we are not fretting about the possibility that food prices will register a continuous, higher-than-expected rise," said Li Chao, chief macroeconomic analyst at Hua?tai Securities.

"By targeting such companies, Puxin is very likely to become the third-largest player in the market after New Oriental and TAL."

"China has maintained its growth resilience and gained reform momentum," said John Litwack, World Bank lead economist for China. "The authorities have undertaken a host of policy and regulatory measures aimed at reducing macroeconomic imbalances and limiting financial risks without notable impact on growth," Litwack said, adding that this year has been a "successful" year for the world's second-largest economy "on many fronts".