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"Generation Equality cannot be Generation Gradual Improvement or Generation Incremental Change. Generation Equality means equal rights and opportunities for all women and girls, now," he said, shedding light on the theme of the observance.

"Fosun hopes to assist Aubo become a unicorn (a startup with a valuation of billion or above). The investment in outstanding innovative enterprises will bring Fosun high returns," said Tang Bin, senior vice-president of Fosun Group.

"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."

"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.

"For us as an industry, what I am afraid of is that a lot of us have been hanging on for four months, but if the door is closed, there is going to be a lot of folks who will never be able to open up again," he added.