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"Chinese investors are willing to respond to these challenges. A company like Shandong Gold has shown the vision to become the leading gold company in China and an emerging leader globally," Tory said. "They have developed partnerships with others by sharing the risks of operating the most complex and prospective mining in the world."

"China's strong performance on the Midas List demonstrates that the country is continuing to produce a number of high-growth and highly-valued companies. While sometimes unknown in the US, these businesses can become globally significant, such as with Bytedance, the owner of popular app TikTok (known as Douyin in China), and they generate returns any venture capitalist would desire," added Konrad.

"China's economic condition continued to recover with business operation improving," Zhao Qinghe, a NBS senior statistician, said.

"Chinese shoppers have become more rational, and they are not blindly following the crowd to imitate others. They want products with both commercial culture and consumer mentality," said Pan, adding localization of global brands must keep pace with the times to stay competitive in the fast-changing Chinese market.

"Climbing robots are a niche market, but key to the green energy strategy. Maybe, we (X-Lab) can grow into the sector's No1 and China's ABB," said Shao.