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And on Monday, Cambodia's JC International Airlines opened a new direct flight frp, Guangzhou to Sihanoukville, a major tourist city in Cambodia.

Analysts said the new natural gas pipeline would further diversify China's sources of gas imports and followed the China-Russia crude oil pipeline, the China-Kazakhstan oil pipeline as well as the China-Myanmar crude oil pipeline, which started operations on Monday.

And in January, the WSJ reported that Amazon had plans to offer brick-and-mortar retailers a checkout system that uses its Kindle tablets. To accelerate that program, it had acquired technology and hired some engineers from GoPago, a San Francisco startup that had begun developing check-out systems using smartphone apps.

And as streaming platforms change the way music lovers get their fix, the Chinese market is emerging as a global powerhouse, even while still in its infancy.

Analysts at GF Securities said that foreign securities firms in China have the advantage in areas including derivative trading, asset management and wealth management services over local players. But it is challenging for foreign firms to compete in the onshore securities brokerage and underwriting business in the short run given that they may face limited market channels and higher capital constraints.