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"But the process of reapplying for loans could be long, since the bank needed to check the status and review the information of your company," Bai said. "Banking institutions' internal evaluation might take a while."

"Certainly, the second summit is not a one-off business matter," he said. Regardless of the results, more talks, and even more summits, between both nations are needed as they try to implement their agreements, he added.

"China has achieved over 60 percent urbanization. The figure will reach 70 percent to 80 percent in the future, and the cities' size will only grow bigger and bigger, presenting challenges in their management and operation," he said.

"China is one of the world's leading markets for technological innovation, digital transformation and industrial internet of things development," said Gaven Chai, president of Honeywell Safety and Productivity Solutions China.

"China is by far the strongest market. Even now we see a little bit of trends for Southeast Asia, but that is from Chinese companies going to Southeast Asia. So you must be in China for this business," he said.