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Chinese battery makers are revving up their counterattack. BYD is selling batteries to others and partnering with carmakers including Changan Auto to build battery joint ventures.

Chinese consumers value a product's good appearance, and they would likely buy good-looking items, Pritchard said. So, P&G has adjusted elements relating to product design and packaging, besides building in China its biggest digital innovation center in Asia.

Chinese leaders conducted frequent "cloud diplomacy" with leaders of ASEAN countries to provide confidence, support and political guidance that are most needed, he added.

Chinese internet search giant Baidu Inc obtained a license to test its self-driving cars on open roads in Beijing on Thursday, meaning a large-scale commercial use of such vehicles could cruise into people's lives faster than many have expected.

Chinese partners "add value to our presence in Vado (Ligure), both commercially (and) technically," he added.