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Chinese companies invested a total of billion in 5,159 enterprises from 154 countries and regions in the first three quarters of this year. The investment mainly went to leasing and commercial services, manufacturing, wholesale and retail, as well as information technology sectors, data from the Ministry of Commerce showed.

Chinese brands are already perceived as innovative and cutting-edge by young Chinese consumers, but they must be mindful of being a business operating within an international market and adapt their communications strategy to resonate locally. Brands that can differentiate themselves from the competition and be more salient, staying front-of-mind for consumers, are more powerful, she added.

Chinese netizens share pictures of Tsui and wish each other a merry Christmas. [Photo/Weibo.com]

Chinese made 726 million domestic trips during last year's National Day holiday, up 9.43 percent year on year.

Chinese battery makers are revving up their counterattack. BYD is selling batteries to others and partnering with carmakers including Changan Auto to build battery joint ventures.