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"Chinese brandy producers like Changyu have been making achievements on innovating efficient ways to create quality products. To promote the overall brandy industry in the domestic market, Chinese producers need to communicate and learn from their foreign counterparts," said Xu Yan, deputy head of Jiangnan University.

"Compared with their parent generation, young people born in the 1990s love taking selfies. They are increasingly making selfies a part of their life. With a 32-megapixel front camera and enhanced artificial intelligence technology, the new device will better meet the younger generation's demand for selfies showing their natural beauty," Zhao said.

"Compared with the approval system currently adopted by the A-share market, the registration system will rely more on the market to judge the value of listed firms. This means related provisions must be revised to ensure investors are well-informed," Wang said.

"Chinese now consume five times more milk tea than coffee. After the arrival of pearl milk tea to China, coffee has taken a backseat. Bubble tea consumption in particular, continues to rise at a high rate each year. Therefore, the potential is huge," he added.

"Chinese internet giants are leveraging their own capital and technological advantages to create retail ecosystems, while consolidating offline spaces and upstream and downstream industries to maximize their competitive edges," said Jennifer Ye, PwC China consumer markets leader.