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"For Microsoft, we have an office in Beijing; Google has a lab in Beijing. Some of the best AI work in the world is being done across the street from Tsinghua University. Now, what kind of AI is that? That's global AI," he told an audience of hundreds of people, including academics, industry leaders as well as the general public.

"For Silicon Valley, it is top high-tech and advanced engineering; for Munich, it is supreme design; and for China, it is automotive and industrial manufacturing, engineering, sales and marketing in additional to high-tech," she said.

"From food delivery services to online marketing, CITIC has been exploring new channels to develop the business of McDonald's in China since the acquisition, winning praise from its headquarters," said Zhang Yichen, chairman of CITIC Capital.

"From being out in China myself and asking people what is important to the customer … what is a minimum requirement and one of the key things they kept saying is you need staff," Raffaelli said. She also noted a real thirst for knowledge and history from Chinese customers who visit Scotland.

"First, their increasing manpower costs increase their cost of doing business in China. This may at first seem bad for China's competitiveness but, in the longer term, higher wages also mean that companies have a more productive, higher skilled labor pool to hire from," said Yu. "This would allow them to move up the value chain."