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Apart from the efforts made by banks and financial regulators, central and local governments should also launch policies to further cut company taxes and fees and reduce rental costs. These tax and fiscal policy measures may be more effective in alleviating the difficulties faced by small businesses, said Lian.

Another positive mark is that imports also stopped a four-year fall and are set to rise by 7 percent in 2017, a good sign at a time of economic and geopolitical uncertainty, said the report.

Another Verbund site of BASF in China is located in Nanjing, East China's Jiangsu province. Established in 2000, the Nanjing site is a 50:50 joint venture between BASF and Sinopec.

Another highlight at the company's stand is the new Range Rover Velar, which is set to begin another new chapter in the Jaguar Land Rover story.

Ann Waltner, who teaches Chinese history at the University of Minnesota, said she has never seen a display where the objects were so carefully displayed.