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"For planning and security reasons, we had to make a call on our APEC hosting now. It wasn't practical to wait for many more months till a clearer picture of the virus' spread emerged," he said.

"Fuzhou is a new market that we entered and it is quite important. Currently, we have about 40 engineers working at the center, and we will ramp up R&D talents and efforts as we aim to provide more future technology solutions for China and global markets. We are looking to hire more professionals with backgrounds in digitalization," Model said.

"For multinational corporations, more decentralized decision-making at the country level, faster rollout of products, and more localized endeavors to stay tuned to customers' needs are some of the decisive factors for their outperformance," Jason Yu, managing director of Kantar Worldpanel and one of the authors of the report, said. For instance, the role of e-commerce has moved from the periphery to the forefront in many businesses of multinational brands in China.

"Games are a universal language that everyone can accept and play," said Yu Guoming, executive dean of the School of Journalism and Communication, Beijing Normal University. He believes games are ideal products for cultural export as they contain "little ideology".

"French gastronomy loses a mythical figure," French President Emmanuel Macron said. "The chefs cry in their kitchens, at the Elysee (presidential palace) and everywhere in France."