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Chinese airline brand values are taking off as they expand abroad while their US counterparts' brand values are dropping, according to the latest report by Brand Finance, the world's leading independent brand valuation and strategy consultancy.

Chinese policymakers took stock of the last decade's gains and losses. Despite some challenges, including the possible increase in volatility in cross-border capital flows, "the RMB internationalization still has more benefits than disadvantages", said Guo Kai, deputy director of the PBOC's monetary policy department.

Chinese e-retailers are ramping up efforts to spur sales in the upcoming mid-year promotion season, with live-streaming shopping expected to be a fierce battlefield, which has boomed after the COVID-19 epidemic kept Chinese consumers indoors for months.

Chinese authorities said the country would continue to seek solid progress in preventing major risks, targeted poverty alleviation and pollution control in 2018, or the so-called "three tough battles."

Chinese consumers do not need to be educated about meal replacement products, according to Cao. They are familiar with the products. What they need is products that can meet or even exceed their expectations, and this is an opportunity for Smeal, he said.