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"Corruption does exist in the sector, but most officials are hardworking and have self-discipline, otherwise the achievements wouldn't have been made," he said.

"Companies that back their brands with the power of creativity and ideas will be the winners in today's world of innovation and change, and China excels in this respect," said David Roth, chairman of BrandZ and BAV Group, which are subsidiaries of WPP.

"Chinese consumers have a true love for the extreme end of our sophisticated collection. When it comes to our most advanced products - the made-to-measure offerings - China accounts for more than 50 percent of our global sales," he said.

"China's consumption has huge potential," Sheng said.

"China's catering industry has shown increasing awareness of food safety, and displayed some unique business models thanks to its advanced development of digitalization," said Connell Zhang, executive vice-president and president of Greater China for Ecolab.