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"China, Japan and South Korea should speed up the negotiation pace of the free trade agreement and boost other investment activities. Developing combined transport by rail and sea, road passages and other infrastructure is practical to establish a flexible transportation network throughout the Northeast Asia region to improve and diversify regional economic growth," he said.

"China's role has changed. Very early on, China's investments tended to be around infrastructure, ownership of a lot of natural resources. But in recent years, China's got a lot more involved in other areas, such as consumer goods, banking, logistics, obviously diversifying their approach in Africa and elsewhere across the emerging markets," Moyo told Xinhua in a recent phone interview.

"Companies need to learn how Chinese consumers think about the different ingredients of healthcare products and provide more solutions to maintain good health," he said, adding a targeted marketing channel can make the business more profitable.

"Coupled with ongoing urbanization and rising domestic demand powered by the Chinese government's measures to shift the economy to an internal consumption-driven model, the market potential in the Chinese mainland, particularly in lower-tier cities, continues to be attractive to jewelry retailers of all sizes," said Yang Lixin, director of the gemological training center for China's National Gem and Jewelry Technology Administrative Center.

"Cuigezhuang has had a long history of raising horses since the Jin Dynasty (1115-1234)," Wu said. "In the Yuan Dynasty (1271-1368), soldiers watered their horses in the area."