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"China has a well-developed supporting infrastructure for a wide range of industries with large production capacity, providing solid support for foreign investors intending to manufacture here," she said.

"But that place wasn't exactly a Chinatown back then," said Corky Lee, a photographer who has spent the past half century documenting the lives of Chinese Americans, their pain and pathos, struggle and survival.

"Carrefour is seeing more recovery lately, as they are making efforts to move from (a) hypermarket only model to a multi-format strategy by opening more Easy Carrefour and launching compact hypermarkets," said Jason Yu, general manager of Kantar Worldpanel. However, on e-commerce, Walmart and RT-Mart are likely to get upper hand with the JD and Alibaba alliance," he said.

"China has not only solved the basic demand for food for nearly 1.4 billion people, but is also close to moving from supplying sufficient food products to providing rich and nutritious diets for its people," he said.

"China is a market full of possibilities. We believe that it will become one of our largest markets globally," she added.