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Buoyed by e-commerce gains, the French cosmetics giant saw its sales recover in China as early as March, said Agon. Thanks to the more tech-savvy Chinese consumers and the country's favorable business environment, L'Oreal Group carried out most of the digital or e-commerce innovation in China and applied the successful experiences in its other markets. The company will bring more than 100 products to the 3rd China International Import Expo, which will be held in Shanghai in early November.

Burrell had a particular interest in Asian artifacts, and more than a-fifth of his collection originated from China. 

Businesses in emerging sectors raked in nearly 400 billion yuan of profits, up 21.8 percent year on year.

Business activities expanded faster in May, with the business activity index for services standing at 53.5 percent, 0.9 percentage point higher than in April, NBS data showed.

Brazil had the best overall perception of Chinese companies, with 81 percent of those surveyed expressing a positive impression of the firms' local operations, the report said. That was followed by Mexico with 73 percent, Chile with 71 percent, Peru with 71 percent and Argentina with 67 percent.