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Any successful business isn't confined to making money per se, but forging an emotional connection. Hence the third pillar boils down to the enormous input in masterminding business operations to resonate well with the audience.

Another major driver behind China's pole position is its advantages in battery cell production, according to German consulting firm Roland Berger, which conducted the study in partnership with German automotive research institute Forschungsgesellschaft Kraftfahrwesen Aachen.

Another reason for cooling market activity is fewer investors are keen to buy corporate bonds as many issuers have low ratings, high leverage and weak cash flow.

Any move to all-out war could drag in major regional powers Russia and Turkey. Moscow has a defense alliance with Armenia, which provides vital support to the enclave and is its lifeline to the outside world. Ankara backs its ethnic Turkic kin in Azerbaijan.

Another Dutch company on the fast move in China is oil giant Royal Dutch Shell, which expects to expand its presence in petrochemical sectors.