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British legendary auto marque Jaguar, one of the fastest-growing premium brands in China, expects even faster growth in 2018 with the addition of its new XEL sedan on Friday and the E-PACE SUV next year into its localized portfolio, according to senior company officials.

Brendan Ahern, chief investment officer of Krane Funds Advisors, said China's economy continues to be one of the key drivers of global economic growth.

Brazil's Foreign Ministry blasted the statement, calling it "uninformed and biased."

Bovis went on to say China has many things to celebrate, not only its establishment but its economic performance and meteoric rise as a global superpower.

Burger King, owned by Toronto-based Restaurant Brands International, started in Jacksonville, Florida, in 1953. It now has 7,200 restaurants in the US and has been in China since 2005, where it has more than 800 outlets.