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"Foreign companies' confidence in South China's economic development remains high with 72 percent of the participants rating the business environment in South China as 'good' to 'very good'," Seyedin said at a press conference in Guangzhou on Monday.

"Further opening-up will not only help lift China's role in the global value chain but will also allow the country to better participate in the global governance which is crucial for the development of the global economy," Cheng said.

"Given that there are UK parents who would jump at that price for a place in one of these schools, and there are wealthy Chinese parents who would be willing to pay ten times that price for a place, the consortium is underselling a highly prized resource at a time when concerns about economic inequality, equal access and the privatization of government services are particularly acute,"Fisher said.

"For a company worth around billion launching in a brand new country and making a big deal about it they could have done 50 easily. They didn't. They'll lose potential customers over this," Simon Hodge, a user, complained on Xiaomi's Facebook page.

"Guangzhou is one of the best places for the fourth industrial revolution," said Klaus Schwab, founder and executive chairman of the World Economic Forum.