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"China has entered a period of accelerated consumption upgrading, and the consumption structure has improved from survival to growth and enjoyment. Wine is undoubtedly an enjoyable consumer product in China, and such consumption trends have brought greater opportunities to Chinese and Italian wine companies," said Massimo D'Alema, former Italian prime minister.
"China Mobile has made a bigger investment in 5G tests and experiments, compared with its rivals, including China Unicom and China Telecom. Moreover, China is in the forefront of 5G technology around the world, possessing a right of speech in the establishment of 5G international standards," said Fu Liang, an independent telecom analyst.
"China contributed to about 50 percent of the brand's sales revenue in Asia, and in the past five years, our compound growth rate in China has been higher than 5 percent," according to the branding department of Haagen-Dazs China.
"Capacity-building programs can be developed to benefit both Chinese investors and investment destinations on the continent," he said.
"China is definitely a highly dynamic market for luxury brands, which see growth momentum largely coming from the country," Zhang told China Daily in an interview. "With the younger Generation Z consumers shaping up to be the backbone for luxury brands, their desire for socializing, interaction and sharing are propelling us to delve into the realm of social retail."