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"Chinese has become more international and more people are using it," he said, adding that for those who live at the border, it is a practical language.

"Compared with other brands, own-label products of supermarkets are usually cheaper, and they can help supermarkets to get higher gross profits. They can even set up specialized labs to research and develop more innovative products in their own brands, as this will help to lower the costs, raise customer loyalty and brand awareness," Wang said.

"China's continuously improved business environment, growing innovation ecosystem, and its stable policy environment make us confident in the future of the market," said Christine Zhou, senior vice-president and president of China at Novo Nordisk.

"Currently, we are all partners that work hard to push forward the entire autonomous driving industry," he said, adding the US possesses the most advanced expertise and technology knowhow in this field. "We believe a mutually beneficial relationship will be the driving force and eventually help reshape the way people travel."

"Chinese regulators have allowed multiple securities, asset management, insurance and other financial firms from the United States, Europe and Japan to convert existing minority positions in joint ventures with Chinese partners to majority foreign-owned firms and have licensed a number of new wholly foreign-owned financial firms," Lardy noted in an analysis.