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Analysts largely attributed the declines largely to tumbles in overseas stock markets, as the Dow Jones industrial average plunged more than 1,000 points Thursday, to sit 10 percent below its record-high of two weeks ago.

Andreas Schneck, general manager of Siemens Shenzhen Magnetic Resonance Ltd, said he is most impressed by the innovation power of Shenzhen and the Greater Bay Area.

Analysts believe the bay area will play a more active role in further expanding the forefront of the country's opening-up and generating fresh momentum for high-quality development.

And China is now enjoying a highly entrepreneurial environment in terms of the number of incubator companies and companies that are moving to high scale volumes in a relatively short period of time, he noted.

And Morgan Mutale, another resident, said every country was doing business with China and Zambia should utilize all avenues in growing its economy by partnering with Chinese in various economic sectors.