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"Chinese retailers look for brands that are well placed to expand into their own growing markets where an influential, well-connected name can help to open doors with mall owners, landlords etc, that can be promoted to quickly appeal to shoppers," said McKeever. "As this owner was already familiar with the brand…that knowledge and expertise augers well. Given the rate of expansion in Chinese malls this would seem an ideal opportunity and great fit."

"Compared to the tests on closed tracks and under the supervision of a backup driver, the driverless road tests on public streets will examine various capabilities of autonomous driving system, especially how the self-driving vehicles deal with emergencies," Jiang said.

"China remains a key global growth stabilizer this year. Its second-quarter growth rebounded much faster than expected, led by production and construction, the highest across the globe," said Robin Xing, chief China economist at US investment bank Morgan Stanley.

"Chinese consumers' perception of beauty has upgraded. We find that users' aesthetics are becoming more diversified and personalized. We also see that technology is playing an increasingly important role in helping users. AI can now help thousands of users with personalization, automatically presenting their favorite effects and giving them accurate recommendations for cosmetics and skincare products. We think that this will be very important in the next decade."

"Chinese companies think bigger. One notable thing is that when doing business in China, we get direct feedback from companies and leverage those suggestions to improve our businesses worldwide," Kaniel said.