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"China's catering industry has shown increasing awareness of food safety, and displayed some unique business models thanks to its advanced development of digitalization," said Connell Zhang, executive vice-president and president of Greater China for Ecolab.

"Currently, China's image in the public opinion of many foreign countries doesn't match its national strength as a non-negligible rising economic power. Chinese media can play a big role in correcting some countries' misperceptions of China and tell what's really going on in the country to the rest of the world in a timely and comprehensive approach," Zhao Qizheng, dean of the school of journalism at Renmin University of China, said during the forum at Shanghai International Studies University.

"Compared with previous measures, the new round of development will be characteristic with more permission granted to the Pudong new area government in economic regulations, administrative approval, planning and governance," said Ma.

"China's strong performance on the Midas List demonstrates that the country is continuing to produce a number of high-growth and highly-valued companies. While sometimes unknown in the US, these businesses can become globally significant, such as with Bytedance, the owner of popular app TikTok (known as Douyin in China), and they generate returns any venture capitalist would desire," added Konrad.

"China today is also a major economic power and is open to working with the United States to resolve trade and market access issues, but not through intimidation," he said.