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"Formal and informal barriers are rising. Frictionless trade is beginning to rub, supply chains are starting to drag. Business leaders must recalibrate and adapt to this new reality or global players", he said.

"Great breakthroughs have been made in key technologies, such as visible light communication, new energy vehicles and high-end mining machines," Chen said, adding that the added value of the province's high-tech industries rose by 11.2 percent last year.

"Financial strength" and "unmatched understanding of the local market", said Cheung, were the reasons the fast food giant decided to pick the CITIC-led consortium.

"Foreign investors' investment confidence and market expectation in China will not change in the long term," he added.

"From our side, we have to learn how to adjust more effectively to our interactions with China, the rising power. And China, the rising power, will also have to learn how to face the reality that the US is the current dominant power," he said.