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"Consumers are becoming wiser and they need strong reasons (product advantage) for the purchase," said Jin.

"Compared with other first-tier cities like Beijing, Shanghai and Guangzhou, Shenzhen has a big population with relatively little land," said Guo Wanda, who works with the China Development Institute based in Shenzhen. "This is part of the reason why skyscrapers offer a solution to the problem."

"Customers and end-users are expecting new things in a much faster pace than before, prompting companies to come up with new products in a pace that…could never be done by traditional manufacturing," Agam said in an interview in Shanghai.

"China's economic development has been extremely rapid after the adoption of the reform and opening-up policy," he said, adding that the policy has been beneficial to both China and the rest of the world.

"Companies that have been through massive growth have to ensure they'll continue to be an attractive brand in the long term, and I believe we will."