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"China's Civil Code is the latest achievement of the codification movement around the world. It represents Chinese wisdom and China's contribution to the culture of the rule of law," Chen said.

"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.

"Chinese consumers are increasingly cooking at home and like small home appliances with multiple functions and attractive appearances," said Si Zhenming, brand director of Joyoung.

"Counting in the 30 million yuan in rent, we have to burn 2.5 million yuan every day," Wu Guoping, founder of Grandma's Home, was quoted as saying by Beijing News.

"Competition in the field of culture investment is going to be increasingly fierce, and for investors, knowledge, expertise and insight into the sector is important for choosing the right projects and funds," said Wang Jipeng, a partner in Oriza FOFs Investment Management and investment partner in United Media FOFs.