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"China has done very well in poverty reduction, because in the last 20 years the country's poverty reduction levels account for almost half the reduction of all poverty levels in the world," said Kaberuka, chairman and managing partner of Southbridge Partners, a pan-African financial, advisory and asset management firm.

"China has the potential to be our second-largest and even the largest market, given the sheer size of the personal care market, "Arya told China Daily in a recent interview. The company's China business is currently worth 1 billion yuan (5 million) and ranks third after India and Malaysia.

"China has very, very impressive infrastructure — high-speed rail that would be an asset to the United States. But what they have succeeded in doing is going from very, very human capital poor to one of the better educated emerging economies," he said.

"China is fast becoming a global hub for innovation, particularly in the field of AI," said Zhu Wei, senior managing director and chairman of Accenture China, while noting Chinese companies have demonstrated great determination to digitize their organizations amid the current complex business environment.

"China is our largest market for steel, while the majority of our copper and cobalt also goes to the country," Sobotka said.