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"Competition among reganmian restaurants is intense－there are hundreds of them selling the noodles in Wuhan. At the same time, rental and labor costs are much higher in Wuhan than in neighboring cities," he said.

"Clearly it is a question of market size, growth rates and ease of doing business here," Ker Gibbs, president of the AmCham Shanghai, told China Daily.

"Chinese companies used to lag far behind multinational pharmaceutical companies in vaccine development and production, but have been gaining ground fast in the past few years," Shi said.

"Chinese-owned companies in the UK commonly regard the UK as a bridgehead, from which they can expand their business model to Europe," he said. "But Brexit can change it. That's why a considerable number of enterprises are still adopting a wait-and-see approach, during which the cost burden is increasing," he added.

"China's financial system remains stable and the surge in macro leverage has been curbed," said Peng Lifeng, deputy head of the Financial Market Department of the People's Bank of China, the central bank.