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"China's long-term consumption potential is vast and the country's savings rate is decreasing while consumption rate is rising. The country is already the world's largest retail market. Even if it grows at a slower pace, it will still be the fastest-growing market in the world," Huang said.

"Clearly, we support what the Chinese government is trying to do," he said. "We don't own the pandas, but the whole world wants to help save the panda, and we do that through our knowledge exchange."

"Currently, the overseas pandemic situation is still severe, so we have to face the pressure of keeping the coronavirus out of China — at both land borders and waterways. To avoid any risk of spread across Yunnan, and even the whole country, we have made border management our top priority."

"Consumers aged 23 to 38 are willing to spend on luxury brands, and financially able to do so. Fully 70 percent of China's millennials own their own homes — twice the rate of US millennials, according to HSBC's Beyond the Bricks study," the report said.

"Chinese women are the beneficiaries of the rapid development, and contributors as well," she said.