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"Haier has transformed itself from a traditional home appliance maker to a solution provider of a smarter life and smarter household," said Zhou Yunjie, president of Haier. "We are also building an IoT smart manufacturing platform, and we've created many patterns in the process."

"Foreign investors are gradually quitting labor-intensive industries and shifting to services and technology-intensive industries in China," said Huo Jianguo, former president of the Chinese Academy of International Trade and Economic Cooperation.

"Global investors may no longer regard China as a manufacturing base with low-cost labor, but a strategically important consumer market," Shen said, citing that future growth in inbound M&A investment may mainly come from consumer goods sectors, instead of export-oriented factories.

"From the TCM theory, sudden rapture may lead to damage in the heart, and a sudden shock can relieve the patient from a manic state. From the modern theory, the shock can be seen as a psychological treatment," he says.

"Greenhouses in northern China are heaters, but in the UAE they are cooling systems," said Han Tao, one of the project managers.