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China delivered more than half the global growth in luxury spending from 2012 to 2018 and is expected to deliver 65 percent of the world's additional spending by 2025, according to the 2019 McKinsey China Luxury Report.
China currently contributes to 15 percent of the company's global revenue. O'Neill is optimistic the figure will grow as the firm expands beyond traditional auto services into retail banking and insurance.
China expressed strong dissatisfaction and opposition on Monday to a meeting between United States National Security Adviser John Bolton and Taiwan's security chief Lee Ta-wei.
China has always actively invested in technological advancement and innovation to bolster macroeconomic growth and improve people's lives. Since opening up 40 years ago, China has transformed into a country that is at the forefront of various technological advances, such as cashless mobile payments.
China became the first country to boost green finance nationwide last August, when the central government released a guideline on building a national system for green finance, he said.