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"Great growth potential lies in consumption upgrades, as people's demand for services of a wider range and higher quality continuously rise," said Zhang, who is also a senior researcher at China Finance 40 Forum, a think tank.

"Following technology upgrading, Chinese and overseas customers have developed higher demand for the quality and design of household appliances. So we should invest more in the research and development of various products with advanced technology and quality," said Liang.

"GIFT IFSC provides a huge competitive advantage in terms of tax structure and supportive regulatory framework, which is comparable with other global financial centers," he said, adding that other advantages include the waiver of taxes such as the security transaction, commodity transaction, dividend distribution and capital gains taxes, as well as the goods and services tax.

"Given the national security legislation has no retroactive effect, it gives a chance to people who could have violated the law had it been enacted earlier to turn over a new leaf," said Maria Tam Wai-chu, deputy director of the Basic Law Committee under the Standing Committee of the National People's Congress.

"Go global, go China," Russinovich said, adding Microsoft is ramping up efforts to help companies both locally and globally, assisting Chinese companies to go overseas.