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"For Halo Foods, such cooperation will help the Pakistan firm to further explore the potential of the Chinese market," said Shahbaz Siddique, financial head of Halo Foods.

"For us, China is a market full of potential, and a better business environment will be the medium that connects our premium products to consumers going through consumption upgrade in China," said Lau, whose company is attending the expo for the second time.

"From income inequality to climate change, technology will play a critical role in finding solutions to the challenges our world faces today. This year's emerging technologies demonstrate the rapid pace of human innovation and offer a glimpse into what a sustainable, inclusive future will look like," said WEF CTO Jeremy Jurgens, at the 2019 World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum.

"Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In the face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit and bankruptcy filing," Li said.

"For example, during the evaluation, we noticed that though the State Council has come out with a slew of incentives in encouraging private investment, some businesspeople say that they are not even aware of it," Ma said. "Therefore, we strongly recommend using new media platforms such as WeChat and mobile applications to promote related policies, and keep the private business people informed about related policies once they came out."