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"For multinational corporations, more decentralized decision-making at the country level, faster rollout of products, and more localized endeavors to stay tuned to customers' needs are some of the decisive factors for their outperformance," Jason Yu, managing director of Kantar Worldpanel and one of the authors of the report, said. For instance, the role of e-commerce has moved from the periphery to the forefront in many businesses of multinational brands in China.

"Full-year Chinese jewelry demand reached a three-year high of 672.5 tons, China's retail network extended further throughout 2018, with top branded jewelry retailers leading the charge," Wang said, adding that established brands were steadily increasing their penetration in lower-tier cities.

"Footage should be stored for no less than 90 days and it is forbidden to stop recording, alter or delete video footage for no proper reason," it said.

"Fueled with liquefied natural gas, each ship has safety features, is environmental friendly and energy-saving," said Li Zhenjun, vice general manager of Fujian Shipbuilding Industry Group Co Ltd, the parent company of Xiamen Shipbuilding.

"For many, running a B&B is a way to make quick money, but in fact it's not (easy to make quick money in this business)," said Li Wei, a B&B interior designer and the host of a property in Hangzhou.