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"Global companies on the supply chain mitigate price volatility by locking into prices through futures contracts. This could help industrial upgrades," Li said.

"Guangzhou city government has always attached great importance to using Macao's investment and trading platforms to promote the city's investment and trade in the Chinese SAR and further explore the world market of the Portuguese-language countries and regions," Chen said at the 2018 Macao-Guangzhou Economic and Trade Fair on Thursday evening.

"Gone are the days when people used to define a life of good quality through possession of certain items or conspicuous logos," Jin said. "The new middle class see consumption not as a badge of honor but as a source of value."

"Hayao's investment in GNC is a testament to the strength of our brand and the tremendous global opportunity ahead, including in China. By partnering with Hayao and pursuing plans to amend and extend our term loan facility, we enhance our capital structure and financial flexibility and establish a strong platform for growth in the Chinese market."

"For great powers such as China and the US, competition — even conflict — is natural," Cui said. "It is, however, vital for us to manage such competition in an effective and constructive way."