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Chinese demographics are changing. The millennial generation, 400 million people in all, accounts for nearly 30 percent of the country's population. The cohort are known to have high mobility and are more willing to move to cities for work. That has pushed up demand for rented accommodation.

Chinese billionaire Wang Jianlin, chairman of Wanda Group, said earlier that the group's cultural and tourism projects create 100 billion yuan in debt on average annually, placing Wanda under significant financial pressure.

Chinese businessman Arthur Wang owns two wineries and a vineyard in the Barossa Valley; Chateau Yaldara acquired in 2014 for A.5 million and 1847 Wines acquired in 2010 for an undisclosed sum.

Chinese financial sector's further opening-up will bring more opportunities for foreign financial institutions to unleash the potential of the country's wealth management market, said an Italian executive.

Chinese electric vehicle startup Xpeng Motors' drive for new products recently hit a bump in the road — despite previously kicking into high gear — as consumers who bought half-year-old models are decrying what they see as an unfair deal, claiming the company's latest models feature better functionality but little in the way of a price increase.