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"China is in a very different place today than it was some decades ago and is now in a position of global leadership in the technology sector. That's at the core of China's growth model," said David Firestein, inaugural executive director of China Public Policy Center in the University of Texas at Austin.

"China is a society where they value skin care enormously and they begin to look after their skin much earlier than in the west," the company's founder and Director General, Gabriel Serrano, told Xinhua.

"By bringing together governmental, intergovernmental and non-state actors, the initiative expands the space of multilateralism and seeks to harness the provision of wide-ranging public goods while promoting connectivity and integration of markets and minds," said Adhere.

"China is coming to a turning point of growth," Li said.

"CHEP's revenue in China is estimated to increase 20 percent to 30 percent in 2019, compared with last year," said Qian Yu, Asia president of CHEP, which is a London-based global provider of supply chain solutions listed in Australia.