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Arnaud Ribadeau Dumas, president of Essilor Greater China

As Chinese manufacturers try to move up the value chain as part of the country's "Made in China 2025" plan, designers in China are working to reinvent themselves from mere imitators to innovators.

Around the world, cooking-show fans and celebrity-chef groupies are well aware of the culinary technique known as sous vide, though they may not have tried their hands at it themselves. But now, with a number of affordable sous vide precision cookers available on the market, making that perfectly cooked edge-to-edge steak at home is not only possible, it's easy, too.

As Monday marks Singles' Day in China, the largest offline and online shopping day in the world, Tourism New Zealand is partnering with Fliggy, the travel service platform of Chinese tech heavyweight Alibaba Group, to promote New Zealand.

As China further opens up the VC industry and competition intensifies, domestic players will become more capable, Zhou said.