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Another key to the success of high-growth insurgent brands is their decision to have narrow product ranges, according to Derek Deng, a Bain partner who also focuses on consumer products.

Another 29 provincial regions have extended maternity leave since the introduction of the two-child policy in January 1, 2016.

Apart from strategic cooperation with Sogou, Haier will reach partnership deals with the Chinese Academy of Sciences, LingLong Co (a joint venture of e-commerce giant JD and leading Chinese AI company iFlytek) and Mobvoi Inc, a Chinese AI startup backed by Google Inc in the field of AI and smart home.

Anthony Foxx, US Secretary of Transportation from 2013 to 2017 and managing partner of Related Infrastructure, said in an interview that there is generally concern among a lot of people in different industries that rely on various source material from China or products from China.

Another leading Chinese dairy producer China Mengniu Dairy has also been making moves in the Southeast Asian markets.