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"China's economy is increasingly driven by domestic demand, so it is important that consumer spending has continued to bounce back," Rothman said, adding the improvement in consumer spending and sentiment has come in advance of a full recovery in income, suggesting a fairly high degree of confidence in the future.

"Cultural identity is important for any cooperation. To make things happen, people working together should first identify with each other," Zhang Laibin, president of the university, told China Daily's website on March 31.

"Chinese are sensitive to exchange rates," Becker said.

"Currently, China lacks physicians especially in entry-level healthcare institutes, primary hospitals and rural healthcare institutes. Also, it is difficult for ultrasound physicians to improve their skills," said Jerry Wang, general manager of Siemens Healthineers China.

"Compared with previous measures, the new round of development will be characteristic with more permission granted to the Pudong new area government in economic regulations, administrative approval, planning and governance," said Ma.