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"For this project, we are not aiming at just Shanghai but at a global stage," said Ong. "It is complementary to Disneyland as Disneyland has consolidated its position with around 15 million footfalls per annum. We can only take 3.2 million visitors on a stablized basis because it's indoors."

"Given that the yields on wealth management products will continue to drop, consumers should give top priority to products with longer maturity," he said.

"Global investors may no longer regard China as a manufacturing base with low-cost labor, but a strategically important consumer market," Shen said, citing that future growth in inbound M&A investment may mainly come from consumer goods sectors, instead of export-oriented factories.

"Further opening-up will not only provide China the markets it needs, but also the technology, managerial talent, and ideas to further catch up with more advanced countries," he said when addressing the International Forum on China's Reform and Opening Up and Poverty Reduction recently.

"For those Pacific nations, climate change is real. It is impacting on their day-to-day lives and threatens their very survival."