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"But thanks to the country's digital transformation, the market is becoming a more promising one for us," he said.

"China has made rapid progress in improving its business climate for domestic small and medium enterprises in the past year. This progress, which now puts China among the top 50 economies in the world, signals the value the government places on nurturing entrepreneurship and private enterprise," said Bert Hofman, World Bank country director for China.

"But, Guangdong should pursue world-class standards of economic governance to avoid missing out on considerable foreign investment in the future," Lau said when the European chamber released its South China Position Paper 2019/2020 in this Guangdong provincial capital on Wednesday.

"By the end of June, China has some 12,000 recycling points for disposed packages, and boasts about 20,000 new energy vehicles," he said, adding that over 96 percent of express delivery orders are now placed through a paperless, electronic logging system.

"China is becoming the key influencer of global civil aviation industry. And China's civil aviation authorities is key dynamic force in powering global civil aviation industry," de Juniac told Xinhua during his visit in Beijing.