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"By concentrating on selling online, foreign FMCG companies have gained traction in China without the need to build a complex physical route to market model," said Jason Yu, managing director of Kantar Worldpanel Greater China, who is also a co-author of the report.

"China is determined to make 5G a top priority on its national agenda, striving to take a leadership role in the global landscape. It is also pressing for participation in the formulation of the international 5G standard to make China one of the main players."

"China has always advocated the leading position of the United Nations, the African Union and relevant regional organizations in resolving peace and security issues in Africa. China supports the idea of African people using African ways to solve African problems."

"China is now too important a market to ignore because investors can find the kind of growth opportunities here that are rarely available in other parts of the world," said Jeff Li, a London-based global equity fund manager at EFG Asset Management.

"China has signed multiple memorandum of understanding on cooperation with many EU countries and held joint meetings to strengthen supervision cooperation with these countries and to ensured sound and stable run of branches of Chinese banks within EU jurisdiction," the statement said.