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"Demand for international cuisine like Japanese food is rising in second or third-tier cities as many young people who used to work in first-tier cities in the past are now back in their hometowns, and look to continue their old food habits."

"Demand for modern, quality rental housing among young professionals and new graduates in China is growing rapidly, and through this collaboration, we are pleased to have the opportunity to participate in this fast-growing sector of Chinese real estate and to further diversify our investments in the market," said Jimmy Phua, managing director and head of real estate investments Asia at CPPIB.

"Everybody gets nervous when they go on the narrow path," he said.

"Developing tourism has helped the villagers improve their living conditions," Shi said.

"Europe is a key market for CATL, and many of our partners are based in Europe," said Matthias Zentgraf, president of CATL's European operations, during the ongoing Frankfurt motor show. "Our new manufacturing plant in Erfurt, Germany, will allow us to combine Germany's industrial tradition and CATL's tradition of innovative battery technology in a strategically central location," he added. The company also showcased its latest cell-to-pack technology at the Frankfurt motor show.