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"Culture is the soul," said Feng Shu, a local cultural scholar. "We put top priority on cultural preservation in the process of renovation."

"China's policy to open up its financial sector remains unchanged," Guo said, noting that more foreign financial institutions have settled in China even during the epidemic.

"Chinese companies should equip their CEOs' with the capability to be visible and be aspirational. They should not only tell a good corporate story on the global stage, but also engage directly and cultivate a trusted employer-employee relationship and such a relationship may in turn, become a part of their big story," said Fan Hong, director of the National Image Research Center of Tsinghua University.

"Currently there are still gaps in the perception of products, between consumers on one side and producers on the other. We have many products that reflect the culture, the creativity of the maker, and this is not necessarily understood in China. We need to do more to promote a better mutual understanding among citizens, aside from strengthening economic ties," Ferro said.

"Cultural exchange is really strong and also in China the people are very curious and are open to trying new things," she said.