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As head of the Tianjin final assembly line project, Laurence Barron, former CEO of Airbus China, has a vivid memory of how vegetable fields turned into a factory in two and a half years and rapidly developed into a new industrial zone.

As a front-runner in reform and opening-up, the city used to rely on processing trade mainly for Hong Kong. After enjoying a high economic growth rate of nearly 40 percent per year from the 1980s to the early 1990s, due to limited land resources and rising labor costs, the city gradually turned its focus to developing high value added industries such as information technology, biotechnology, new materials and high-end equipment manufacturing. Now it has become a magnet for technology startups and the headquarters of famous high-tech companies such as Huawei Technologies Co Ltd, Tencent Holdings Ltd and one of the world's largest drone makers, DJI.

As developed countries' economies slowdown, the private wealth growth of the UK, Germany, France and Italy will slacken to 10 percent in the next 10 years, and growth will be a little higher in North America, the report said.

As bonds held by foreign investors still represent only 2.5 percent of China's bond market, that leaves plenty of room for growth in foreign investment in such instruments, according to Woetzel.

As a non-sport based clothing company, DIKING's initial attempts to be seen on a World Cup stage was frustrating because Adidas was the dominant sportswear sponsor of the FIFA World Cup. Lv persevered and said his company learned from Hugo Boss and Armani in sponsoring big sporting events.