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"China has played an important role in the growth of this business segment," Tikal said. She said due to Dubai's convenient location and visa on arrival policy, there was also an increasing demand for small-scale conference services from Chinese businesses.

"China has been speeding up efforts to develop its own core components and standards," said Li Sha, an analyst at GF Securities Co Ltd. "The initiative will accelerate the pace of replacing foreign technologies with self-developed ones."

"China is a major raw materials supplier for pharmaceuticals around the world. In these difficult times, it's extremely important for our industry to maintain an unbroken supply chain so front-line healthcare providers always have access to the high-quality medicines they depend on," said Chris Ewer, vice-president of Janssen Supply Chain Asia-Pacific.

"But we had faith in this area because we knew it would become one of the two development engines of Shanghai. The Lingang Special Area in the eastern part of the city was to feature high-end manufacturing, while Hongqiao was to become an important research and development hub that radiates the spirit of the Yangtze River Delta region," he said.

"China is coming to a turning point of growth," Li said.