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"China is the single largest alcohol beverage market in the world and the beer category is rapidly premiumizing. We would likely to fully tap the growth potential of Guinness as a premium product," said Chun Ho Chu, Diageo's managing director of China operation.

"China is gaining importance in our ranking every year. Even though our biggest market in the world is the United States, Chinese travelers and domestic shoppers are our top source of revenue," said Pontroue.

"China has many world-class investment opportunities. In many cases we don't need to look abroad for shares with high-growth potential because we can reach them domestically," said Iris Pang, China director and economist of ING, a Netherlands-based global financial institution.

"China is a huge market with bright prospects. I hope our products can ultimately serve the Chinese consumers and make a difference," she said.

"But this is a long-term play that will take perhaps a decade or longer before the appropriate infrastructure is in place and the cost-per-energy-unit is reduced to a level which is competitive with other forms of energies," he added.