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"Chinese consumers are more willing to spend money on cosmetics and skincare products, and more people are paying attention to the quality of products," said Neil Wang, president of consulting firm Frost & Sullivan China.

"China should stick to its established goal of further opening-up in a timely manner," he said, adding that a higher level of opening-up will effectively promote trade and investment and facilitate further economic integration between the world's two largest economies.

"China, as a close neighbor, always supports the efforts of the north and south of the peninsula to improve their ties and push forward reconciliation and cooperation through dialogue and consultation," Geng said.

"Construction of the third phase of Chimelong theme park will help upgrade Panyu's tourism industry to a new level and play an important role in the district's economic construction in the future," Huang said.

"Compared to Europe and the US, we are still at an early stage. Chinese auction houses began with Chinese artworks and Chinese collectors and expanded rapidly, just like the fast-growing Chinese economy."