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"China's pledge to further open its market to foreign companies tremendously improves the country's economic development, making the Chinese market one of the most attractive in the world," Zhou said.

"Chinese are hardworking and keen on timekeeping. Meetings in China begin on time－or some minutes before time－but not late. People are also willing to work weekends and overtime. Every employee is focused on achieving a certain goal," he says.

"Craft beer is expected to see fast growth at 40 percent at least in the next five years," said Zhu. Therefore, it is crucial for Carlsberg to get into the craft beer category in China and expand its high-end beer presence, he said.

"Consistency is likely to be another issue," Hua said. "UnionPay would need to be as readily accepted as Mastercard and Visa. It may take a long time to achieve this, particularly among small businesses."

"Companies from Europe, Japan and the United States therefore have already discovered that it is time to invest more in Chinese research and development, as well as its science and technology and design businesses," said Feng. "New growth points are expected to present themselves as the economy becomes more sophisticated."