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"Future growth will be built on productivity, and productivity in China's next stage of development has to be based on innovation. This will mean high-quality growth, not just growth."

"Gold is the best safe haven amid rising global uncertainties as it offers extremely high returns and is easily tradable," said Huo Songling, secretary to the executive board of China National Gold Group Co Ltd, a centrally State-owned firm engaged in the mining and refining of gold, silver, copper, and molybdenum.

"For example, new cruise lines departing from the Nansha home port will be given 1 million yuan (9,500) as incentives," he said.

"Fifteen years ago, I think there was very little recognition of animal welfare or the importance of animal welfare in China," he said. "China has progressed so fast in that recognition. And from what we've seen, the government and the animal farming industry have been keen to improve. We've seen this particularly in the pig and poultry sectors where there's been a lot of interest in improving animal welfare."

"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.