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"Complete industrial chains have been set up in the FTZ area. Industrial parks have been built specifically for biomedical, information technology and MEMS companies. While communication can thus be carried out among companies specializing in the same industry, companies in different sectors can also easily find common ground as they are located in the same area," he said.

"Chinese consumers are fully adapted to online shopping and China's AI-driven personalization is far ahead of what we see in the West," he told Xinhua after a keynote at a special session on e-commerce's future on Wednesday.

"China's economy needs to rely increasingly on domestic demand instead of external demand to sustain growth. Meanwhile, it also needs to accelerate the push for moving up the value chain and cut its traditional reliance on low-end goods output," said Ying.

"Consumers are asking for much more now," said Wilfred Wong, president and executive director of Sands China, an integrated resort developer and operator in Macao and a subsidiary of Las Vegas Sands Corp.

"Chinese companies could invest in Britain which would then give them a leg into the bigger European market. I think some of the appeal of Britain must drain away now."