China's rise transforms consumer tastes fast

I still remember my elementary school days in the late 1980s when as a little boy I was required to practice creative writing, and one of the mini-essays we had to write was on futuristic societies.

I could not have imagined back then that in the future (which is the present now), Chinese brands would not only outshine foreign competitors but prepare to dominate certain niches in the global market.

Nowhere is this trend more striking than in artificial intelligence, innovation, mobile telecom tech, smartphone apps, new energy, driverless mobility, robotics/automation, e-commerce and social commerce.