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"China should not lose focus in reducing financial risks, and we have confidence that it will succeed in this difficult task," said Goldberg.

"Compared with other economies in South America, Brazil has an array of advantages as it is not only one of the major powers with the fastest economic growth but also has a stable political environment and hence an ideal market for telecom firms," said Xiang Ligang, a smartphone expert and CEO of telecom industry website Cctime.

"Companies always deal with large uncertainty. So, top executives should be agile to make decisions based on different facts, have people following them with good communications skills and be able to move ahead without having all the information."

"China was the good surprise of the past year with a sharp increase in our exports," said Jean-Daniel Pasche, president of the Swiss Watch Industry Federation, adding the market still presents a "strong potential for growth".

"Compared with the developed countries, there's plenty of room to shorten the negative list," he added.