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"China welcomes and supports both countries to use the 2018 Winter Olympics as an opportunity to make effective efforts to improve their relations, relax the situation on the Korean Peninsula and promote denuclearization of the peninsula."

"Cle de Peau puts in a lot of efforts and investment in the R&D of its products, and it doesn't advertise much. The brand builds its reputation by word of mouth," said Neil Wang, president of consulting firm Frost & Sullivan in China.

"China's market comprises many rapidly growing businesses that are less encumbered by legacy IT systems than is typical in more developed markets, which means they can more easily adopt new IT models," said Kevin Meehan, a partner at Bain.

"Considering the sales so far, dealers will have a lot of pressure to catch up soon," said Lang.

"China's wealth management industry will embrace a historical transition of business models and a comprehensive restructuring of its ecosystem. The establishment of ABC Wealth Management is an important measure taken by the Agricultural Bank of China to carry out supply-side structural reform in the financial sector, further implement new regulations on the asset management industry, push for high-quality development of the real economy, and actively tackle changes in the wealth management industry," said Zhou Mubing, chairman of Agricultural Bank of China, the country's third largest commercial lender by assets.