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Applying market principles and complying with laws, Chinese businesses have joined in the development of cooperation parks and zones in other B&R countries, sharing China's best practices and the experience it has gained during China's reform and opening up.

As China further opens up the VC industry and competition intensifies, domestic players will become more capable, Zhou said.

Around 14 percent of manufacturers and 12 percent of service firms characterized the increase as substantial, the report showed, noting "the data illustrate a considerably more widespread effect of higher input costs among service firms than in last year's survey."

As China is witnessing a boom in industrial upgrade, many companies are deploying their resources and manpower to develop high value-added products across industry chains. In line with this trend, the development of a range of high-end tunnel-boring machines has become a core business for CRHIC in recent years. The company has shipped its tunnel-boring machines in different shapes to 16 countries, including Malaysia, Singapore and Lebanon.

Apple had alleged that Qualcomm's patent practices were an illegal move to maintain a monopoly on the market for premium modem chips that connect smart phones to wireless data networks.