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"Globalization is what is inevitable for a conglomerate to develop into certain scale because only in a global market could business efficiency and competitiveness get enhanced," said Chen.

"First, their increasing manpower costs increase their cost of doing business in China. This may at first seem bad for China's competitiveness but, in the longer term, higher wages also mean that companies have a more productive, higher skilled labor pool to hire from," said Yu. "This would allow them to move up the value chain."

"Guangdong customs will continue to spare no effort in advancing cooperation with their overseas counterparts in fighting any smuggling case in the months to come, despite the achievement.

"Fresh-cut peony flowers are gaining popularity among foreigners as gifts. Some peony seedlings being exported were planted in local courtyards," said Fu Zhenglin, chairman of Luoyang Shenzhou Peony Co Ltd, a major flower growing enterprise.

"Futures rallied with China, which obviously has been down close to 30 percent this year, and there was news of government policy intervention that really wasn't for US markets to be up," said Mike O'Rourke, chief market strategist in JonesTrading in Greenwich, Connecticut.