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"China is a big market, so Chinese companies understand how to deal with complex large markets ... That's something that we both have in common," he said.

"Cement roads bring more economic benefits for people living in mountain areas. They also bring investment from outside," said Cheng Lu, an official with the Shaanxi provincial department of transport.

"China has had a good comeback," Bernard Arnault, LVMH's billionaire chairman and chief executive, told a news conference on Thursday, adding other regions including the United States also performed strongly. "These global business trends are continuing into this year," he said.

"China is one of the most tech-savvy countries where consumers are responsive to embracing the latest things and trends worldwide, creating new opportunities for foreign firms," said Hammes.

"But the price wouldn't go up much even if it rises," he said.