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"For Halo Foods, such cooperation will help the Pakistan firm to further explore the potential of the Chinese market," said Shahbaz Siddique, financial head of Halo Foods.

"Grain output reduction may hold back increases in farmers' income, given the reduction in fields sown in the short run," Li said. "But in the long run, the policy change will benefit farmers" because China will increase transfer payment funds to the countryside and put more fiscal resources in its poverty-reduction campaign, both of which will raise farmers' incomes.

"Foreign managers bring a unique set of experience and skill to the Chinese asset management industry, particularly in areas such as quantitative investment. Having a wider set of local and foreign managers managing different strategies in China increases the choice available to investors and, most importantly, it allows investors to diversify their investments," Steel said.

"For UnionPay, the countries and regions involved in the Belt and Road Initiative are a priority. They are not only closely tied with China in many aspects but also are in need of infrastructure relating to transfer payments and digital payments," said Ge Huayong, chairman of China UnionPay, at the 10th Lujiazui Forum 2018 in June.

"For foreigners, a two-bedroom apartment costs only about 5 million yuan. We can let it out at about 20,000 yuan per month, which is higher than the rent in China," Dong said.