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"China's emphasis on robust policies for imported consumer goods has boosted confidence in the sector and stimulated consumers' appetite. At the same time, consumers' desire for diversified, personalized and quality goods is being increasingly satisfied and unlocked," said Zhang Tianbing, head of Deloitte Asia-Pacific consumer products and retail industry.

"Consumption will stay robust on the back of higher incomes and is expected to stay a pillar for economic growth next year," said Li Huiyong, an analyst at Shenwan Hongyuan Securities.

"China's determination to reform and open up has given us confidence in expanding our business in China," said Duan.

"Collaboration is of mutual benefit to our company and the academic world," Gao said. "We offer business insight and data, while the schools provide cutting-edge research and expertise.

"Currently, the daily processing capacity of the pretreatment system of our production line can reach 19,000 cubic meters, and that of our construction waste disposal line is 2,000 cubic meters," Tan said.