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"China is a key and huge market for UBS, and the further opening-up of China's financial sector represents great opportunities for our businesses, including investment banking, wealth management and asset management," UBS said.

"China has had great achievements in fighting corruption, which has played an important role in economic development and social stability," said Qi Zhenhong, director of the China Institute of International Studies.

"Changes in production technologies - for example, artificial intelligence in manufacturing - and an aging population reduce the need for certain labor-intensive jobs, or may even eliminate them," she said. "However, demand for workers in service industries, such as healthcare, is increasing.

"China is great with building hardware very quickly and at a very low price. And China has a great infrastructure in building IoT, hardware solutions and automation," he said.

"But we do not know where we could find ideal partners," said 38-year-old Shi, who left his work at a government body and started his chemicals trade company in 2006 and in 2011 launched another company ShenmeiCheme, a supplier for large water treatment companies located in regions as west as Xinjiang Uygur autonomous region and as south as Guangdong province.