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"China has surged to 14th place on the list of the Global Innovation Index 2019 released by World Intellectual Property Organization in July, 21 places higher than the year of 2013, thus becoming a leader among the world's mid-income economies," Shen said.

"China is in the transition from a large nation to a strong nation in terms of civil aviation," Li Jun, chairman of the China Air Transport Association, said Wednesday.

"China is a big place, and adding (China) capability seems to be the opposite of creating a more focused business. To deliver service in such a huge country, a non-indigenous telco needs boots on the ground, which both their existing partners can provide, but BT by itself will be unable to do this for quite some time."

"China has many favorable conditions and will actively solve problems that have occurred in its way forward through reform and development," he said.

"China is actually becoming the leader in many markets and technologies that we are interested in," Shafer said, noting that the country is far more advanced relative to other global markets in the way firms engage digitally with customers.