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"Chinese companies listing in the US can have unparalleled access to knowledge capital in the US market, a market where investors are aware of the intrinsic value. Enterprises will continue to evaluate each market based on its unique characteristics to find the best fit for them," Giglio said.

"Cross-border e-commerce is set to greatly complement, if not replace, traditional trade to become an important driver in the next three to five years," said Zhu Qiucheng, CEO of Ningbo New Oriental Electric Industrial Development Co Ltd, an exporter of electronics.

"Current indicators suggest China is especially suited for widespread adoption of autonomous vehicles," said Ting Wu, partner in McKinsey's Shanghai office and co-author of the report.

"Currently, infrastructure construction has a dominant role, but the demand for related services will be tremendous in future," said Zhao Guangbin, senior economist of Shenzhen Qianhai PricewaterhouseCoopers Business Consulting Services Co Ltd.

"China will further reduce the negative list for foreign investment in its FTZs, and explore the establishment of a cross-border negative list management system for service trade in the FTZs this year," she said.