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"Chinese tourists may not bother to buy when traveling overseas if they can buy the same stuff at home," he said. "Besides, it's more convenient to ask for after-sales services at domestic stores."

"Consumers in China are very demanding, and the generation gap of consumers is becoming smaller. More people are willing to pay for premium, ultra-premium and innovative dairy products," said Rahul Colaco, president of Dutch dairy producer FrieslandCampina China and chairman of the SDDDC supervisory board.

"Consequently, opportunity abounds as brands seek to engage the attention of consumers in the world's most lucrative and fastest-growing luxury market," it said.

"Commodities trade is, by nature, a global business, and trade along the Belt and Road will, in time, grow. That's why we are preparing ourselves early, to make the most of the opportunities," he said.

"Costco is good at building a loyal shopper base through its paid membership program with low prices and a select number of stock-keeping units. The question is whether they can replicate this in China easily," said Jason Yu, general manager of Kantar Worldpanel China.