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"China's communication's landscape, with its proliferation of different channels and all-encompassing WeChat ecosystem is spawning new ways of communicating that can be exported to the rest of the world," said Catanach.

"Cross-border e-commerce has just gone through two years of explosive growth," Wu said. "As the customs clearance mode for consumer goods develops, cross-border e-commerce will become even more cost-effective.

"China's rate of account ownership - a basic metric of financial inclusion - has increased significantly and is now on par with that of other G20 countries," while having the world's largest agent banking network, said a news release on the website of the World Bank.

"China represents a tremendous opportunity, given its significant market size, abundance of unmet clinical needs and active entrepreneurship landscape. Establishment of this Medtronic med-tech innovation accelerator forms another bold step to continue to advance innovation through collaboration," said Omar Ishrak, Medtronic chairman and CEO.

"China's continued economic growth and the expanding middle-income earners will also make the country a profitable market for South American companies," he said.