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"China is definitely a highly dynamic market for luxury brands, which see growth momentum largely coming from the country," Zhang told China Daily in an interview. "With the younger Generation Z consumers shaping up to be the backbone for luxury brands, their desire for socializing, interaction and sharing are propelling us to delve into the realm of social retail."

"China and Chinese, I am so thankful to you for the new ways of thinking you have opened my eyes to, and for making me contemplate more deeply the true meaning of 'compassion'."

"China is of high importance to the BMW Group, both as a market and as a location for production and innovation," said Milan Nedeljkovic, member of the board of management of BMW AG.

"China is the leader in AI and smart technology. It is now a focus of the Chinese government for high-tech development and education," said Taylor.

"China is showing the way for the rest of the world, in terms of beauty sophistication, as well as e-commerce and the level of digital connectivity," he added.