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"Guangzhou is becoming the hub of innovation in recent years, as China is transforming from 'Made in China' to 'Created in China'," Tony Acciarito, new president of Thermo Fisher Scientific China, told China Daily.

"Generally speaking, the impact of LPR on banks' net interest margins and profitability is within acceptable limits," he said.

"Firstly, a leader should be always thinking about how he/she can enable the frontline teams to be more successful with customers, and that is the No 1 thing. Secondly, business would be easier if you have a great team," Abbosh said.

"GIFT IFSC provides huge competitive advantage in terms of tax structure and supportive regulatory framework which is comparable with other global financial centers," he said, adding that other advantages include the waiver of taxes such as the security transaction, commodity transaction, dividend distribution and capital gains taxes, as well as the goods and services tax.

"For any company, China is a strategic market that cannot be ignored," she declared, noting that "it is a privilege that GE is a participator, witness and beneficiary of China's social and economic development."