"In absolute terms, these industries have rapidly grown in China over the past two decades, with 21.9 million cars sold, 1.2 billion mobile subscriptions and $450 billion spent on pharmaceuticals in 2013," Miratsky went on to say.

Meanwhile Francesca Russo, Director of Corporates Analytical Team at Dagong Europe, highlighted "Per capita consumption levels in the Asian country, however, remain behind Europe and the United States, representing significant growth potential for international players."

Dagong Europe was established in Milan in 2012 as a Sino-Italian joint venture between Dagong Global Credit Rating and Mandarin Capital Partners, a private equity fund by institutional investors, and was the first Asian rating company operating in the European Union (EU).

A new competitor in the international market of rating provided with a different view and deep perspective, Dagong Europe issues credit opinions on financial institutions including insurance companies and non-financial corporates, General Manager of Dagong Europe, Ulrich Bierbaum, explained.

Dagong Europe is under and compliant to the European framework regulated by the European Securities Market Authority (ESMA) and counts on an international, experienced team with the mission to reflect the growing importance of Chinese investors in global markets and also promote the flows of foreign capitals into China, he said.

Transportation in Tibet gradually improving	A very good week for wine