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It is now equipped with a newly-commissioned aircraft carrier, while other advanced weaponry, including a J-20 stealth fighter jet and large military transport aircraft, are in development.

China adheres to a road of peaceful development and pursues a national defense policy with a defensive nature, Hua said, adding that the country is transparent in its military's strategic intent and poses no threat to any nation.

Swiss financial businesses, including banks, will enjoy more advantages in obtaining permission to enter China, while China will be able to enter European markets more effectively by building corporate branches or joint ventures, Xu said.

"After the global economic meltdown in 2008, a lot of local governments realized the great contribution that ports make to the economy, sparking a wave of port construction across the nation," Zhou said.

The OECD has developed trade facilitation indicators which can "identify areas for action and allow assessment of the potential impact of reforms." These indicators will "help governments improve their border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade," according to the OECD.