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"Having said that, Alibaba has a great share in e-commerce and cash flow, meaning they can invest significantly and they will fight very hard," McKenzie said.

"For that reason alone the current approach to the US-China trade dispute is flawed, as are the tariffs that underpin it," wrote Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia. "There can be no bilateral fix for a multilateral problem. That has only led to trade diversion among trading partners —imposing higher costs on consumers and producers on both sides."

"Foreign investment is playing a key role in connecting the domestic and international markets. Once China establishes a unified, open and complete domestic market system, both domestic and foreign companies will be able to achieve greater efficiency and gain a key competitive edge in the global market, which will further prove China's capabilities to attract foreign capital and achieve better connectivity between the domestic and international markets," Cui said.

"Guangdong's vast market and sound business environment are reasons why BASF chose the province for the project," said Stephan Kothrade, president for Asia-Pacific and China operations at BASF.

"For the physical store chains, they have been unable to keep up with the growth of online retail," Matthew Crabbe, research director for the Asia-Pacific region at consultancy Mintel, told China Daily.