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China-India economic and trade cooperation have witnessed remarkable results.

China's rapidly expanding consumer market -- confident, increasingly rich and sophisticated, and willing to experiment -- offers a strong link between China and the world. It is not only the prime engine for economic growth but is a huge opportunity for international businesses, according to the report.

Chinese Ambassador to the United States Cui Tiankai briefs media during a news conference on Trump's upcoming visit to China in Washington DC, Oct 30, 2017. [Photo/China Daily]

China's well-developed production and resources networks and relatively competitive labor costs allow it to produce many items at a fairly low cost, said Huang. Other countries don't have such comparative advantages, he added.

China's used car sector is set to gather momentum and grow on the back of new rules that allow cross-region movement of such vehicles for the purpose of sales.