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"Crawfish is one of the favorite foods on Chinese dining tables. New flavors will meet the demand of young people who crave for something fresh, and it will help to enlarge the scale and eating frequencies of consumers," said Neil Wang, president of consultancy Frost& Sullivan China.

"Consumers are going back to trust bigger brands amid the uncertainties … so that in many ways the growth of insurgent brands has slowed down," Lannes said.

"China's overall financial conditions have remained broadly stable," said the IMF October 2018 Global Financial Stability Report, although deleveraging has also led to tighter financial regulation and less favorable credit conditions for weaker borrowers.

"China will not have any problem at all meeting its growth target," he said at a news conference while speaking about the country's economic achievements since 2013. "The Chinese economy's stabilizing and improving trend remains unchanged and the whole-year results could be even better (than the target)."

"Companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile," he said. "In this respect, we are quite clearly in the fast lane."