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He said Nike took what it learned from China and deployed a similar strategy in Japan and South Korea. He said the company will now do the same in the United States and Europe.

He said it is possible the two sides may arrange a first meeting between Xi and Macron on the sidelines of a multilateral international meeting, such as the G20 Leaders Summit.

He said one year ago, Xi made a "landmark speech" to the audience in Davos, outlining his views on the major trends and challenges affecting the world today, from slow growth and climate change to rapid advances in technology, inequality and inadequate and unrepresentative global governance.

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He said that he understood why protesters had taken to the streets. "They've got cabin fever. They want to get back. They want their life back. Their life was taken away from them."

He said combining resources would allow alliance members to develop far more advanced vehicle technology, and for less money.

He said Hugo Boss will be opening more stores in China over the coming years while further enhancing its e-commerce capabilities and collaborations with local partners and personalities. An increase in marketing efforts for the Boss Womenswear collection is also on the cards.

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He said cross-border capital flows are expected to sustain the good trend this year, supported by strong economic fundamentals, more rational outbound investment and fewer expected panic sell-offs of the currency.

He said multilateral trade has brought opportunities for all countries and that using tariffs as a means of destroying the global trade balance will only damage the world economy.

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He returned home, but in 2004 he sold his house in the US to bring his wife and two sons back to China and embark on a two-year odyssey across the country.

He said diversity is also critical for domestic brands to find a proper position in the market given that some domestic brands charge extra high prices that are going to exclude them from lower-tier markets.