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"China would not want to increase the value of the exchange rate and it would not want to undermine the value of the bond," he told this newspaper on the sidelines of the China Development Forum in Beijing on March 24.

"Chinese people are not only paying more attention to their health but also are more willing to pay for better experiences," said Tang, adding that those born in the 1970s and 1980s are his main client base.

"Cultural exchanges are helping people from both countries to understand each other, so in a way the corridor has enhanced these cultural exchanges and these cultural exchanges will strengthen the project and will further cement bilateral ties", she said.

"China's Internet Plus strategy is an approach while the digital economy is the result, both of which serve the goal of 'building the country into a Digital China' and an internet power," he said.

"Chinese consumption for fine fragrance is still at its early stage. It may take another five to 10 years for the Chinese market to become mature enough, which in turn provides many opportunities for Chinese and international brands to exploit," Cai said.