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Compared with wigmakers in Japan and South Korea, Chinese enterprises should enhance their market competitiveness in high-end wig products, Liu said.

Cohen also said no one can contain China and the US "shouldn't try to contain it". Instead, he said the US might be "in a position to help restrain China", arguing that no one power should have absolute power without any restraints.

Collaboration between Inner Mongolia and its neighboring municipality of Beijing in poverty alleviation has been strengthened in a bid to create more anti-poverty projects, promote technology and talent exchanges, and expand the market for the autonomous region's agricultural products.

Coca-Cola remained the top worldwide brand, valued at billion. That was followed by IBM, which saw its brand value increase eight percent to billion. Others in the top 10 included Google, GE, McDonald’s, Intel, Disney and H-P.

Commercial vehicle manufacturer Beiqi Foton Motor Co Ltd, an early entrant to the capital city, took another big step in its overseas efforts when it said it had exported 31,326 vehicles and 6,040 automobile parts during the first eight months of this year, a testimony to China's efforts to ramp up high-tech manufacturing.