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As the Chinese financial sector's opening-up progresses, the interbank market will become more attractive and mature for foreign investors, he added.

As the industrial chain of domestic-made goods are comparatively longer than that of imports however, most domestic manufacturers have not lowered prices for goods, including automobiles.

As the second largest economy contributing roughly 30 percent of global growth, China has sailed in the uncharted waters to address tough reform tasks, shifting into a consumption-driven economy and implementing a supply-side reform to achieve green and sustainable development.

As personalized solutions can enable healthier lifestyles and support disease prevention, we think that digitalization and technological innovation are paving the way for more personalized, affordable and accessible healthcare service, said Jakobs, adding his company has accumulated expertise in connectivity, cloud technology, big data and artificial intelligence or AI.

As the structures of global value chains continue to change, China's opening-up is an important engine for deepening their development.