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"For both supply and demand, e-commerce is more direct and more convenient. It can be expected that cross-border e-commerce cooperation will become a highlight of China-New Zealand trade in the future."

"Global cooperation in infrastructure, logistics and production capacity is the biggest highlight of the initiative," said Fang Qiuchen, president of the China International Contractors Association, which assists Chinese companies with construction business abroad.

"Four leaders from Shagang have been dismissed from their posts or demoted. A special team has been sent to Shagang and will work with third-party organizations to scrutinize its problems."

"For the next step, China's monetary and fiscal policy needs to remain loose. Monetary easing is to lower interest rates and to coordinate with treasury bond issuance by the Ministry of Finance. The bonds will raise money for infrastructure construction, a major driving force of economic growth," said Yu.

"Financial strength" and "unmatched understanding of the local market", said Cheung, were the reasons the fast food giant decided to pick the CITIC-led consortium.