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"Competition is one of the best mechanisms to promote innovation, and help maintain the vitality of every company." he said.

"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.

"China's proposal to explore third-party market cooperation can generate rich financial returns for both developed and developing countries involved in the BRI, without causing a clash of interests," he said.

"China's robust new economy has created unique opportunities for us. Millennials and the middle class in China tend to be tech savvy, more sociable and are looking for a sense of belonging and adventure in big cities," said Humbert Pang, managing principal and head of Gaw Capital Partners China, which invested in Harbour Apartments.

"Chinese law has strict requirements on minimizing the environmental impact of projects," Bai said. We submitted the railway's environment assessment report and protection planning to relevant authorities in 2013, and received the approval the following year.