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"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.

"Chinese tourists are a growing market for the UK, but only the 10th-highest spenders, so it is a priority for VisitBritain to develop new ways to attract Chinese tourists," he said. "The best way for them to do this is with the help of a Chinese partner who has the right knowledge and expertise."

"Chinese shoppers, in particular those born in the 1980s and 1990s, love living a comfortable life ... they like traveling, care about their individuality, and have different pursuits to match their lifestyle," said He Xiaoqing, global partner at A.T. Kearney, the US-based management counseling firm.

"China's government is committed to further reforms, as shown by recent news on opening up the financial sector to foreign investors, increasing daily trading quotas on the Stock Connects, and potentially extending the Stock Connect program to London," Shi said.

"Currently, companies and related supply chain entities are resuming operations in an orderly manner. The nation's industrial economy is back on track toward a positive direction," said Xin at a news conference in Beijing on Friday.