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Any industry related to China's urbanization process has potential for growth. These include transportation, clean energy, safety and security.

Apart from guiding companies to adopt advanced international standards, the government should take innovative regulatory measures by using big data and cloud computing technologies, he said.

Another place where Microsoft gives itself the edge?is working with other businesses. For example, Microsoft has a program that incentivizes its Azure sales people to work with startups and other businesses building products on Azure. If a startup sells something to a Microsoft customer, the Azure salesperson actually gets a bonus from Microsoft that represents about 10 percent of the annual contract value of that sale.

Ant attributes the upsurge to deepened internet penetration, a quick takeoff in smartphone usage, and the consequent easier access to micro loan services which are unattainable through conventional financial institutions.

Apart from investment projects, the influx of high-quality international brands has also hastened the consumption upgrade in the Chinese market. L'Oreal Group, which has taken part in the CIIE since its inaugural edition, will introduce five new brands to China at the third CIIE in Shanghai.