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"China used to have comparative advantages in developing labor-intensive industries with its abundant and cheap labor to export goods to the international market and benefit from globalization," he said.

"China's central bank, the China Banking Regulatory Commission, and the State Council have all taken explicit actions in 2017 to reduce the expansion of debt - especially the mounting indebtedness of State-owned enterprises," said Roach in a recent interview with Xinhua.

"Clients are looking to cut costs and, instead of designing products themselves, they are outsourcing it to Chinese companies," Ma told China Daily. "Design costs are high in Europe and the US."

"China's urbanization is related to rural dwellers' flocking into cities, the innovation of real estate market, as well as infrastructure construction, which has been an important driving force for China's urban development in the past 40 years," Huang said.

"Consumers' first impression of a product comes from the packaging material, its color, texture and design. Packaging is no longer independent of the product, it has become an important part of the product itself."