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"China's young luxury consumers are more interested in aspiration than heritage, making it imperative for brands to modernize their stories and deliver them through digital channels," said Luan Lan, partner and leader of McKinsey's apparel, fashion, and luxury group in China.

"Chinese companies, especially SOEs, have been helping develop infrastructure and improve connectivity within ASEAN economies. A large number of industrial parks between them have also contributed to trade and investment cooperation activities," said Zhang Jianping, director-general of the Beijing-based China Center for Regional Economic Cooperation.

"Culture is changing," he continued. "But we have to find how to interpret the meaning of culture in the context of the 21st century… We need to better translate our own cultures and have them better understood and received by others."

"Chinese people believe you should wear something red during the zodiac year in which you were born to fend off potential accidents, and I hope the red bracelet will keep me safe and sound in 2019," she said.

"Chinese consumers, especially the young generation, are shifting from pursuing expensive vintage to boutique wine," said Chen. "They are developing a taste for American wines."