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China's e-commerce giant Alibaba took sixth on the list with 2.53 billion in brand valuation, up 16 percent year-on-year, while JD.com saw a 24 percent surge to .49 billion, according to the report. Chinese internet heavyweight Tencent came in seventh with a brand value of 0.98 billion.

China's investment in real estate development grew 9.3 percent to 2.77 trillion yuan (8 billion) in the first fourth months, according to the National Bureau of Statistics. The growth was 0.2 percentage points higher than that for the January to March period.

China's higher-level opening-up is an essential choice it makes for its future development when it strives to shape the new development paradigm of "dual circulation" and will offer more opportunities to the rest of the world for shared growth, experts and scholars said.

China's investment in Hungary is also growing steadily. Hungary is China's largest investment destination in Central and Eastern Europe. Chinese investment in Hungary covers various industries such as chemical, financial, telecommunications, new energy, automotive and logistics.

China's consumer landscape is evolving and that offers more opportunities. We are (also) evolving into a total beverage company for our consumers with (multiple) choices and easy-to-access nutrition information. Our research and development center in Shanghai is the largest outside the US and signifies our commitment to China.