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Antaeus, the giant in Greek mythology, can absorb inexhaustible power from the earth. Similarly, as long as the CPC stays close to the people, it will never lose its vitality.

Apart from measures to promote opening up in the financial and automobile sectors, a string of opening-up policies will cover industries such as energy, resources, infrastructure, transportation, logistics and professional services, according to the commission.

Antonio Gasparrini, associate professor from the London School of Hygiene & Tropical Medicine and the paper's co-author, said since the turn of the century, heatwaves have been responsible for tens of thousands of deaths, including regions of Europe and Russia.

Apart from competitive markets, which can help entrepreneurs choose industries and technologies when giving full play to their comparative advantages, a company's competitive edge also requires suitable infrastructure and sound institutional environment, Lin said. That means governments should coordinate or provide relevant resources to make markets more effective.

Another noteworthy contender in the ranking is Mengniu, a Chinese dairy brand growing at a similar pace to Yili. Its brand value rose 45 percent year-on-year, but from a lower base, hitting .4 billion.