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"Currency needs to find the right level, I don't worry about Chinese renminbi depreciation," said the EBRD president, who shared an optimistic outlook on the world's second-largest economy.
"Convenience store chains in China generated 133.4 billion yuan in revenue last year, up 13 percent from 118.1 billion yuan in the previous year. In the meantime, total store numbers also increased 9 percent from 91,000 a year ago to 98,000," said Lui.
"Chinese consumers are increasingly pursuing snack foods that are healthy, high-quality and safe, triggered by the constant consumption upgrade trend in the country. In the next few years, higher-end snack food will account for a larger market share, and raise the average price of the sector," said Neil Wang, president of consultancy Frost and Sullivan.
"Coca-Cola has been trying to diversify its product portfolio to meet the new consumer demand while in the past it wasn't able to tap into the growth of the dairy sector, which is booming," Yu said.
"Collaborations like this are very critical, because together we'll be able to get there faster," said Hua. "I think American startups certainly should be going to China to exploit the opportunities to get funding or partnerships."
