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"China will have similar issues as Germany. China is not a cheap manufacture place anymore. It needs to transform to advanced manufacturing, and needs technology ... to make manufacture more flexible," he said.

"China stands ready to work with the Pakistani side to implement the consensus reached by leaders of the two countries, maintain high-level exchanges, deepen people-to-people and cultural exchanges, advance the construction of the China-Pakistan Economic Corridor, and promote cooperation in economy, trade and investment, so as to build a closer China-Pakistan community of shared future," Wang said.

"China's economy has been transitioning from a phase of rapid growth to a stage of high-quality development," according to the report of the 19th National Congress of the Communist Party of China in October.

"Costco is good at building a loyal shopper base through its paid membership program with low prices and a select number of stock-keeping units. The question is whether they can replicate this in China easily," said Jason Yu, general manager of Kantar Worldpanel China.

"China, an AIIB shareholder and a country that hosts AIIB's head office, will continue to support the bank's development," Liu said.