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"China has improved across almost all Doing Business indicators over the last decade, but the progress has been particularly impressive during Doing Business 2018-2020 when most Doing Business indicators improved," the report said.

"China is one of the most attractive markets for Henkel and plays a strategic role in our global business," said Agarwal.

"Cargo going up to some places in the southwest has to go through Nanning. Goods from the southwestern hinterland coming down for export also have to go through Nanning. A large amount of bulk cargo can be transferred through Fangchenggang port (which is based in Nanning)," said Li Junxuan, deputy director of Business Department at Beibu Gulf Port Fangchenggang Terminal.

"China has entered a period of accelerated consumption upgrading, and the consumption structure has improved from survival to growth and enjoyment. Wine is undoubtedly an enjoyable consumer product in China, and such consumption trends have brought greater opportunities to Chinese and Italian wine companies," said Massimo D'Alema, former Italian prime minister.

"China is active in all areas of the organization's activities and it is clear that China's participation was vital to the successful negotiations in both the Trade Facilitation Agreement (TFA) and the plurilateral initiative expanding the Information Technology Agreement," he told Xinhua.