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"China has abundant recoverable unconventional oil and gas resources, and development of unconventional oil and gas benefits national energy security," he said.

"China is going to play a fantastic and big role in this field ... we (need to) make sure companies partner together in order to resolve some of those big challenges that not only touch China but the rest of the world," Crozier told China Daily in Shanghai.

"But today the tables are turned. The best domestic banks in China actually have better capabilities and more skills than the international banks in their consumer banking units here in China. So we are going back and learning from the domestic banks about how they evolve their business models here, how they partner with some of the most advanced fintech companies in China, and how they are redesigning customer experiences and customer journeys through their mobile and online platforms," he said.

"But the number of immigrants allowed into the country is now so large that it may be overwhelming the assimilation process, including learning English."

"China is our important market with huge potential. Our facilities in Tianjin produce equipment and chemicals for the rest of Asia-Pacific markets," said Sha.