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"China is one of the most attractive markets for Henkel and plays a strategic role in our global business," said Agarwal.

"China has already offered more market access to Indian companies, from IT and services to pharmaceuticals to Bollywood films," said Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics in Beijing.

"China has the advantages in manpower, materials and financial resources, while Singapore has rich experience of operating in many countries along the Belt and Road not only in Southeast Asia, but also in South Asia and Africa," he said.

"China is not what it was 10 years ago," he said. "We had many difficulties in establishing the company in China, which has a different language and different laws. I've received help from many people before and during the outbreak of the coronavirus.

"China is moving to become a publishing power in the world, which provides a good opportunity for the development of the publishing industry on both sides of the Straits," said Wu Shulin, executive vice-president of the China Publishing Association.