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Crossover retail has a proven track record for elevating sales and brand esteem. Last year, 120-year-old cosmetics brand Jahwa partnered with Rio to launch a cocktail featuring the fragrance of its Six God Floral Water, arguably China's most popular mosquito repellent.

Cut to levied charges will ease company costs

CreditEase, a Beijing-based financial technology conglomerate with a robust online platform and a broad offline network, is committed to building awareness of financial technologies to propel economic growth, the company's founder said.

Cui Dongshu, secretary-general of the China Passenger Car Association, said China is stepping up efforts to promote the development of NEVs in the world's largest automobile market.

Cui Tiankai, China's ambassador to US, said it was clear that such top-level communication plays the "key role", "irreplaceable role" in guiding the relationship forward.