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"Consumers aged 23 to 38 are willing to spend on luxury brands, and financially able to do so. Fully 70 percent of China's millennials own their own homes — twice the rate of US millennials, according to HSBC's Beyond the Bricks study," the report said.

"Chinese companies not only look for profits for themselves. They also look for win-win results so that business could last," he said.

"China's catering industry has shown increasing awareness of food safety, and displayed some unique business models, thanks to its advanced development of digitalization," said Connell Zhang, China president of Ecolab.

"Convenience store chains in China generated 133.4 billion yuan in revenue last year, up 13 percent from 118.1 billion yuan in the previous year. In the meantime, total store numbers also increased 9 percent from 91,000 a year ago to 98,000," said Lui.

"Chinese love berries. strawberries, cherries and raspberries are some of the new fruits that people there are starting to enjoy," she said. "It's not our typical fruit in China because of the climate. The varieties of strawberries may not necessarily be the same here, such as the little scarlet, a tiny berry with very in-depth flavors. It is something people are starting to discover in China."