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"Foreign companies are cautiously more optimistic as the central and local governments are giving signals that they will open up the market and welcome more foreign investment," said AmCham South China President Harley Seyedin.

"For instance, shows and performances featuring traditional Chinese arts and culture have gained massive popularity among foreign audiences. We shall continue carrying out such projects by streamlining procedures and moving things forward," said Xia Peng, an official working for local cooperation between China and Shanghai Cooperation Organization member states and based in Qingdao, Shandong province.

"Great changes have taken place to our village. The living environment is clean and healthy, which attracts a lot of tourists. Local government is helping us run business and expand the market to sell our agricultural products," said Han.

"For non-alcoholic ready-to-drink products, it is about six to eight servings of commercial beverages for each consumer a day globally. That is less than one in China. So they have tremendous business potential here," he said.

"From January to May, SOE profits rose 20.9 percent, with the growth and profit rate up 10.2 percent and 10.7 percent respectively." Li said that the major reason behind this is cost cutting, which is directly related to the reduction of financial leverage.