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"Gas retailers will go through significant changes. They will have more open access to gas infrastructure from LNG terminals to gas pipelines, benefiting from the opportunity to diversify gas supply sources."

"Having said that, Alibaba has a great share in e-commerce and cash flow, meaning they can invest significantly and they will fight very hard," McKenzie said.

"Financial strength" and "unmatched understanding of the local market", said Cheung, were the reasons the fast food giant decided to pick the CITIC-led consortium.

"Finance is a guarantee for strengthened action to combat climate change. Only with a flow of funds in accordance with low-carbon emissions and climate-resilient development can the research and development of relevant technologies and products be accelerated," he said.

"Foreign companies are cautiously more optimistic as the central and local governments are giving signals that they will open up the market and welcome more foreign investment," said AmCham South China President Harley Seyedin.