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"Hainan will embrace new opportunities in areas like advanced technologies and low-carbon economy, and our company hopes to be more involved in the free trade port's development," said Fabrice Fourcade, senior vice president of EDF Group, and its chief representative in China.

"For the governmental aspect, the introduction of employment policy, income policy and tax policy will enhance the public's consumption ability, and thus the growth rate of China's total retail sales of consumer goods will catch up," she added. "We should be confident about China's consumption sector in 2019."

"Foreign companies in China think the law will create a level playing field where everyone can participate," said Harley Seyedin, president of the American Chamber of Commerce in South China.

"Finance would become one of the backbone industries for economic growth in the future, as it would help diversify its industrial structure," said Li Zhan, chief economist with Zhongshan Securities.

"From the list of the nominations, we can see the music scene of the country in 2017, which has more diversity and more new faces," says Xu.