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"Getting our brand known and our history and our company and the quality of our products, and the therapeutic credentials of some of our products known in China, is going to take some investment."

"For new product launches in China, we are moving from 'intuition-driven readiness' to the employment of data that depict the clear preferences of customers," said Charles Kao, president of cosmetics group Amorepacific's China unit, which saw nearly 30 percent of its revenue in China come from online channels.

"From the reluctance at the very beginning, the Europeans have started to shape their joint attitudes towards the Belt and Road Initiative," Schaefer, who worked as German ambassador to China from 2007 to 2013, said during an exclusive interview with China Daily in Berlin.

"For progressives to invest their energy in a proposal that the Supreme Court has a better than 50 percent chance of declaring unconstitutional, that has very little chance of passing through the Congress, whose revenue potential is extraordinarily in doubt, for that to be the defining element of the progressive agenda in the United States, it seems to me potentially to sacrifice an immense opportunity," he said.

"From our side, we have to learn how to adjust more effectively to our interactions with China, the rising power. And China, the rising power, will also have to learn how to face the reality that the US is the current dominant power," he said.