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"Chinese companies are shifting their focus from quantity to quality. Instead of unveiling new products almost every month, they realize that one premium flagship model has greater appeal to consumers," said Xiang Ligang, CEO of telecoms industry website Cctime.

"Chinese carmakers have surveyed customers and know they like them," he added.

"Consumers aged 23 to 38 are willing to spend on luxury brands, and financially able to do so. Fully 70 percent of China's millennials own their own homes — twice the rate of US millennials, according to HSBC's Beyond the Bricks study," the report said.

"Circuit courts reduce litigants' travel costs and also help us learn more about the environment in which the dispute happened. It's useful because it helps us find better solutions to resolve conflicts at the roots," Feng said.

"Chinese companies like China Gezhouba Group and China Petroleum and Chemical Corp, the country's biggest geothermal developer, have accumulated investment knowledge from their projects overseas during the past few years, and they have the strength to help Latin American countries to improve local construction," he said.