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"China's financial sector will be much more competitive, our capital markets will continue to enjoy healthy development, the building of a system of modern industries will be accelerated, our market environment will be greatly improved, and intellectual property rights will be effectively protected. In short, China will enter a new phase of opening-up," she added.

"Chinese consumers are spending increasingly more money on services. Tourism is the mainstay of consumption of services. Tourism is becoming a main driver of China's economic growth," said Sun Jie, CEO of Ctrip, in an open letter in late December.

"China-made products might suit the domestic situation well, but can fail amid local challenges in other countries, resulting in negative word-of-mouth reputations in those markets."

"China's door of opening-up will not be closed and will only open even wider! This is our consistent position," Geng said.

"China's long-term home rental market for foreigners is developing rapidly as an increasing number of foreigners choose to work or study in China due to the nation's economic rise," said Neil Wang, president of market consultancy Frost& Sullivan.