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"Generally speaking, conventional manufacturing sectors have been recovering since last November, and the first quarter showed that consumption is growing fast, particularly healthcare and food and beverages," said a research note from China Galaxy Securities.

"Given the sluggish world economy and rising trade protectionism, the negative list will help to remove the barriers in service trade and create a more open and free market," he added.

"For multinational corporations, more decentralized decision-making at the country level, faster rollout of products, and more localized endeavors to stay tuned to customers' needs are some of the decisive factors for their outperformance," Jason Yu, managing director of Kantar Worldpanel and one of the authors of the report, said. For instance, the role of e-commerce has moved from the periphery to the forefront in many businesses of multinational brands in China.

"Given its high expertise in developing digital infrastructure and enabling a regulatory framework for the digital economy, China is indeed a valuable partner for ASEAN in promoting the digital economy in the region."

"Gim was one of many inspiring examples of determination that helped turn the tide in the fight for reorganization, an apology and compensation for Head Tax Payers and their families," Cho said. "In his words he was a Rabble Rouser, in my words he is a Chinese-Canadian hero."