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Anzetse Were, a development economist, says joint partnerships with Chinese manufacturers will build the country's technical and technological capacity. However, Kenya needs to make deliberate plans in building ecosystems that encourages manufacturing, Were says.

Another witness, Bradley Mattarocci, vice-president of Baby Trend, a California-based child-safety product-maker, also highlighted the negative impact of additional 25 percent tariffs on safe, affordable baby products for US caregivers.

Another reason for the foreign investment growth is the acceleration of the reform and opening-up of the Chinese financial market. Pang Ming said, with the advancement of the country's reform and opening-up, further refinement in the financial market system, and better connections with international financial market rules, overseas investors have increasingly recognized the rising degree of openness in the Chinese capital market.

Apart from Tencent, Alisports, the sports arm of e-commerce giant Alibaba, has also joined the party after launching the Alisports World Electronic Sports Games in March 2016, with 1,200 events planned across 15 Chinese cities. Another Chinese tech giant, NetEase, is also trying to develop an e-sports league based on its own games.