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"For the Chinese mainland, the result bettered the survey average. 74 percent of small businesses from the Chinese mainland state that they grew in 2018, higher than the survey average of 66 percent," Chan told reporters. "The positive small business conditions look set to continue into 2019."

"Foreign businesses act as critical forces to adjust industrial structure, promote science and technological innovation and enhance urban functions."

"Generally speaking, this year PICC's focus is to foster strengths and avoid weakness," said Miao Jianmin, chairman of PICC group. "We will maximize the advantages of our brand images, teams and market share, while accelerating market-oriented reform and embracing cutting-edge technologies to overcome our shortcomings."

"From cross-border trade, to free trade zones, and the China International Import Expo ... what we see as a foreign company is a more and more open market in China. It not only means simplified procedures and efficiency, but actually boosted business," she added.

"For thousands of years, China's rural communities were built on the special connections between acquaintances. For many rural residents, the opinions of a neighbor, a senior villager, or a generally acknowledged gentleman matter as much as the law or the orders from the government. Therefore, financial credit in rural regions could be re-evaluated through the system," said Pang.