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"Chinese companies should equip their CEOs' with the capability to be visible and be aspirational. They should not only tell a good corporate story on the global stage, but also engage directly and cultivate a trusted employer-employee relationship and such a relationship may in turn, become a part of their big story," said Fan Hong, director of the National Image Research Center of Tsinghua University.

"Chinese companies, led by Huawei and BOE Technology, gained ground. In fact, China was the only country in the top 10 to actually show an increase in US patent activity; all other countries, including the US, saw declines," Larry Cady, a senior analyst at IFI Claims Patent Services, said in a posted article on technology blog Venture-Beat.

"China's rate of account ownership – a basic metric of financial inclusion – has increased significantly and is now on par with that of other G20 countries," while having the world's largest agent banking network, a press release on the website of the World Bank said on Sunday.

"Consumers are becoming wiser and they need strong reasons (product advantage) for the purchase," said Jin.

"China will have similar issues as Germany. China is not a cheap manufacture place anymore. It needs to transform to advanced manufacturing, and needs technology ... to make manufacture more flexible," he said.