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"Chinese products are present in a wide range of areas of Cuban life such as health, education, technology and sports, transport, among others," he said.

"Confucius said that 'A gentleman seeks harmony, not conformity', showing respect to different cultures," he said. "Mencius proposed that we should have good intentions toward others. I think it's an inclusive attitude toward other people and their civilizations."

"Chinese consumers also favor more high-end baijiu given upgrades in consumption, which has helped increased companies' profits," the report added.

"China should use this opportunity to continue its efforts to rebalance the economy away from exports and investment, and toward strengthening household income and demand."

"Chinese shoppers have become more rational, and they are not blindly following the crowd to imitate others. They want products with both commercial culture and consumer mentality," said Pan, adding localization of global brands must keep pace with the times to stay competitive in the fast-changing Chinese market.