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"Currently there are still gaps in the perception of products, between consumers on one side and producers on the other. We have many products that reflect the culture, the creativity of the maker, and this is not necessarily understood in China. We need to do more to promote a better mutual understanding among citizens, aside from strengthening economic ties," Ferro said.

"China stands against unilateralism and trade investment protectionism," Ma Zhaoxu said at UN headquarters in New York on Monday. "We believe trade disputes and frictions should be resolved in a reasonable manner.

"China, of course, is the world's second-largest economy, but to be a superpower and to get respect from other countries and regions, you have to have your own brand and reputation and then communicate it to the international community," he said.

"China's appetite for consumer goods－on steroids post-COVID－continues to amaze the rest of the world," said Jacques Penhirin, the Oliver Wyman partner who led the survey.

"Chinese companies are really able to grow very quickly and a lot of them are very large. If we can make these companies our customers, it will generate handsome business volume," he said. "Chinese customers are learning quickly. They are very interested in learning innovative content and from other organizations."