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"Currently there are around 185,000 Chinese students studying in Australia and we welcome over 1.4 million Chinese visitors to our shores every year," he said. "China is also an attractive destination for many Australians, with more than 400,000 visiting in the last year."

"China's reforms in the healthcare sector make the medical device market more transparent and fair, allowing us to expand the market with competitively priced new products."

"China's investment market remains large and continues to grow. Its consumer market is constantly expanding at a rapid pace," said Seyedin.

"Competition has also risen, as new drugs have a limited window of opportunity to be profitable before an enhanced and more improved version of the same product is introduced by a competitor," Feldman said.

"Compared with five years ago, well-known international brands will have an increasingly difficult time to gain or retain consumers' trust merely by offering quality products and services," she said.