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"Chinese brand's performance results from its less successful product development and, more importantly, their undue efforts to cut prices," said Fu Lianxue, a senior expert at the center, in an interview with China Economic Net.

"Chinese consumers and especially millennials are looking for more than just buying an item off the shelf," ThreeSixty Chief Operating Officer Jan-Eric Kloth said in a statement. "They want to be engaged and entertained."

"China's business environment in terms of finance, logistics, communication, shipping, and technological innovation is becoming more and more promising," said Ian Chung, chief executive for China of AECOM.

"Chinese infrastructure investments can have a big impact in the fields of renewable energy, establishment of economic zones, manufacturing, telecommunications and digital commerce," Pitlo said.

"Chinese consumers, especially millennials, want to enjoy life... they care about their individuality and love to travel, and when it comes to shopping in both online and offline channels, they have unique tastes," said He Xiaoqing, global partner at A.T. Kearney, the US-based management counseling firm.