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China is a significant consumer of alcohol and its drinking culture is still dominated by men, who enjoy beer and spirits. But for women, there are few good alcoholic products to choose from, he said.

China is best prepared for 5G technology, that major Chinese providers have committed to specific launch dates, and that government has committed to allocate a spectrum for the carriers. [Photo/VCG]

China is also about to remove foreign ownership caps on fund management companies and securities firms from April 1,2020 and Dec 1, 2020, respectively, the CSRC said at a news briefing.

China has proposed the "two-track approach" as a solution to the peninsula nuclear issue. It calls for simultaneous efforts for the denuclearization process on the peninsula and negotiations to replace the armistice between the North and South with a peace treaty.

China is one of the markets in which we are investing most heavily. In the past 10 years, we have been working really hard to find how we can be in tune with the development of China. New needs are emerging. We are not only bringing new knowledge to China, but we are also learning from China.