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"China will not only focus on introducing foreign technologies and capital, but also on opening more industries for foreign investment in fields like finance and services and promote the country's advancement into the mid-to high-end of the global industrial, supply, innovation and value chain."

"Consolidation and standardization will take place in the short to mid-term through the proliferation of e-commerce platforms ... business-to-customer e-commerce presents high growth potential, especially for on-demand maintenance products and auto accessories," he said.

"Chinese companies looking to acquire beyond China's borders focus on achieving dual goals—winning at home and exporting abroad, which enables them to strength their domestic competitive stance while simultaneously positioning for global expansion especially in developing markets," said Phil Leung, partner of Bain & Company.

"Consumers choosing a domestic brand for reasons of quality and performance, as well as improved brand image, demonstrates that the progress of improving quality in domestic brands has seen positive outcomes," said Jeff Cai, general manager of auto product at J.D.Power China.

"China's manufacturing industry had just begun accelerating its development back then. I usually took the train from Nanning to Shanghai to purchase cloth and then came back to Vietnam through Pingxiang," said Trieu.