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"China will become one of the world's hottest IPO markets," said Amanda Zhang, PwC China private equity partner.

"Could this be any more of a turn off for younger generations in the US? Microsoft and Walmart? It's like your two least-cool uncles being put in charge of the music at your birthday party," said Feedback, a Richmond, Virginia-based market research consultancy, in a tweet.

"China's economy is important," Yeboah says, explaining why he wants to find a job with a Chinese company. He believes that working for such a company will help him gain valuable experience from the world's fastest-growing economy. For students whose majors are in the fields of economics and finance, China offers the "best practical course", he says.

"Consumers look for high-end consumption environment and experience. They want to eat good food in a pleasant environment, demonstrating upgraded consumption demand," said the report.

"China will further cut tax, especially to support medium and small-sized enterprises," said Cheng. "We will continue to promote property tax legislation and implementation, and reform the personal income tax system," she added.