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Chinese born after the late 1990s, also known as the Generation Z, will be one of the factors shaping the future luxury market as they "have significant spending force as proud and empowered impulsive buyers," according to the report.

Chinese kids are estimated to have .25 billion of pocket money, six times that of US counterparts, according to Guinadeau.

Chinese display panel makers BOE will supply OLED displays for iPhones in 2020, according to a Monday report from RPRNA.

Chinese coffee chain Luckin Coffee announced on Wednesday that it has completed its Series B financing round of 0 million, lifting the coffee delivery startup's valuation to an estimated .2 billion.

Chinese currency has a stable foundation, according to senior officials and analysts, and they believe a prudent monetary policy is best for China to deal with domestic and external economic issues.