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"But when seven out of 10 customers who come into our showrooms are new-time buyers, buying an additional car or buying their first car, it is not surprising that in China new products are so fundamentally important," he said.

"But there are still challenges for Chinese companies because of the lack of a mature employee training system, institutionalization of decision-making and the work-life balance that many candidates still aspire," he added.

"Canada's food trade with China is mainly grain, oil and other commodities. With China's import tariff cuts, we are selling more consumer products to China to catch up with the country's upgraded consumption habits," Leo said.

"China is opening up faster than most people believe or think," Henry Fernandez, MSCI's chief executive officer, said on Thursday. "We do not see any regression on that. If anything, we see a speeding up."

"China has made a lot of investment in the top-tier hospitals in urban centers. They have done a lot on medical research. The problem is that there are still great disparities," she says.