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Analysts largely attributed the declines largely to tumbles in overseas stock markets, as the Dow Jones industrial average plunged more than 1,000 points Thursday, to sit 10 percent below its record-high of two weeks ago.

Analysts said the acceleration in profits in July was mainly due to government measures to boost resumption of work and production across the whole industrial chain at a faster pace, as well as a rebound in production and sales. They expected the rising demand will continue to boost industrial profit growth in the next few months.

And though still unproven, COMAC could be the single biggest rival over the coming decades to the dominance of Boeing and Airbus, both in China's own huge aviation market and, longer-term, overseas.

And, he's not far off the mark. It was indeed his innovation for knowledge and success that prompted Chang — one of Hong Kong's financial services top brass — to quit the trust business arena where he had made his name and tap into the mutual fund market, joining Franklin Templeton's Hong Kong office some 18 years ago.

And it is all the more surprising that this mentality appears to prevail given the welter of recent cases where Chinese companies have not only invested heavily in struggling UK and European companies but have continued to build ever more competitive Sino-UK corporate partnerships.