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As a wholly-owned unit of one of the biggest names in the country's asset management sector, HGI also prides itself on an international tie-up with Deutsche Asset Management Asia (DeMA) — part of Deutsche Bank Group — which grabbed a 19.5-percent stake in Harvest Fund Management in 2005 before lifting it to 30 percent three years later. Subsequently, in 2009, HGI forged an agreement with DeMA taking its Asian strategy unit into its fold.

As a significant growth driver, consumption contributed to 77.2 percent of GDP increase in the first quarter.

As an innovation company, which invests heavily in research and development, 3M collaborates closely with innovation leaders here in China, as both a contributor and a student.

As far as the trade friction between the US and China, Strange said: "I don't think it's had an impact on our sales there yet," because the Chinese government hasn't started to discourage consumers from purchasing US products.

As a major global investment destination, China has maintained stable growth in foreign direct investment against a gloomy global setting. Its FDI grew by 3 percent year-on-year to 5 billion in 2018, while the figures for the world as a whole and developed countries dropped 41 percent and 69 percent, respectively, in the first half of last year, said Zhong.