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"Gold's safe-haven asset status remains strong due to global geopolitical and macroeconomic challenges, such as the trade conflict, Brexit, and inflationary pressure. Investments in bars and coins improve as the performance of other asset classes weakens."

"Global investors may no longer regard China as a manufacturing base with low-cost labor, but a strategically important consumer market," Shen said, citing that future growth in inbound M&A investment may mainly come from consumer goods sectors, instead of export-oriented factories.

"Following extensive and fruitful work, we are entering into a partnership with the Gao family and I am excited about what we will achieve together," she said. "Today is the start of a new and exciting chapter for our club. Mr Jisheng Gao and his daughter, Mrs Nelly Gao, with whom I have built a close relationship, share our values and ambitions. As a team, we will strive to build upon the strong foundation that is in place toward sustain-able long-term success."

"Haze management is a common responsibility of all countries worldwide," said Pan Kehou, secretary-general of the lab's academic committee. The lab "will take responsibility in leading and promoting internationalcooperation on energy saving and emissions reduction with scientific research institutions from other countries and regions, and in contributing to a better environment and development of ecological civilization".

"Five, 10 years ago, we were the dominant player in convenience, as convenience was defined in those days," Steve Easterbrook, the company's chief executive officer, said last month.