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André Calantzopoulos, CEO of Launsanne-based PMI, said since tobacco control strategies in most countries focus on supply and demand measures intended to prevent initiation, reduce consumption and encourage cessation, they have resulted in a decline in smoking prevalence over the last three decades, but are unlikely to eliminate smoking altogether.

Angle expressed confidence on the development prospects in China, underlining the fact the company is mainly targeting the country's high-end shoppers. The epidemic had a limited impact on the consumption behavior and decisions of those shoppers. He believed the whole robot vacuum cleaner industry will maintain vigorous growth over the next few years.

Andrew X. Pham

Andres Manuel Lopez Obrador, presidential candidate for the coalition "Together We Will Make History", is interviewed by media at a polling station during the presidential elections, in Mexico City, capital of Mexico, on July 1, 2018. Mexican electoral authorities on Sunday gave the green light for the country to begin the largest presidential elections in its history, with over 89 million eligible voters. [Photo/Xinhua]

Analysts said the upgrade in consumption presents opportunities as well as challenges.