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"Craftsmanship should be reflected in every product and every procedure, and should become a pillar for building a strong manufacturing nation," Li said. "It will be helpful for Chinese brands entering the global arena if youngsters are keen to become craftsmen and pursue excellence."

"China's macroeconomic policy tools are adequate," Sheng Songcheng, former head of the statistics and analysis department at the People's Bank of China, the country's central bank, told China Daily on Sunday. "Proactive fiscal policy will play a major role, while prudent monetary policy will be used to coordinate the fiscal policy."

"Cooperation in these areas can have a transformative impact on the Philippine economy. It can ease traffic congestion and disperse development outside metropolitan areas, unlock the potential of the countryside through more efficient farming and faster connections to markets in the cities, ensure access to clean, green and sustainable sources of energy and expand the country's manufacturing sector," Pitlo said.

"Chinese companies don't have a long heritage of going abroad. But British companies, for instance, have been doing this since at least the 1600s with the East India Company. Companies like BP and Shell are globally-minded organizations, while Chinese companies are more Chinese-centered," he says.

"China's pharmaceutical market has the greatest potential in the world, due to its tremendous population, even though it is now second to the United States," said Shi Lichen, founder of medical consultancy Beijing Dingchen Consultancy.