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"China has been deliberately accused by certain foreign media of practising neo-colonialism in some countries, exploiting energy resources and other minerals and supporting authoritarian regimes," said He Jingtong, a business professor at Nankai University in Tianjin.

"China becomes more self sufficient in chipmaking and it will make it difficult for western suppliers. That's the nature of business and competition. We think it's a good thing because it forces innovation on both sides of the ocean," Bingham said.

"China has become a key player in the drafting and finalization of international railway standards," said Lu, who is also a deputy to the 13th National People's Congress.

"China has been one of the big funders of mining globally, including in Canada," said Spence. "If you look around the world, in the past few years, the real two big funders were China and private equity, while the traditional financiers-commercial banks-were out of the market, so China was seen as a big source of alternative finance."

"But not anymore," said Chua, adding that starting from 2015, the company has been offering more value-added products when doing business with its customers.