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"Geely will share its advantages in development, production and supply chains as well as its insights about the Chinese market," said Geely Chairman Li Shufu.

"For example, generally Chinese consumers don't want to wait for too long," he said, adding that Chinese retail companies were more engaged with the consumer, and thus were able to provide better and faster service. "If you want to pay, you take your phone and use WeChat (the online payment portal) and you can finish your shopping in an hour."

"For the past several decades, the livelihoods of rural people have improved greatly, but our cultural lives have not kept pace with other improvements," she said.

"For both years, roughly two-thirds of manufacturers saw an upward effect on prices paid, and roughly 45 percent saw an upward effect on selling prices," the report said, adding among service-sector respondents, the numbers were somewhat lower but up noticeably from last year's survey.

"For Chinese companies, especially private firms, lack of product originality and gradual loss of cost advantages were the biggest bottlenecks which will greatly hinder their development on the global stage," said Zhou Qiren, a professor at the National School of Development at Peking University.