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"Chinese companies need to target strong, not troubled, companies. Sometimes, Chinese companies acquire French firms that are in serious trouble. It's almost impossible for Chinese managers in China, which is so far away from France, to fix the problems.

"Chinese consumers embark on a journey of exploration and discoverythey go online to see what's new or trending, and they interact with fellow buyerssometimes many times a day," according to Chris Biggs, a partner at BCG who leads the digital retail business.

"China's evolving business environment and opening-up has contributed to Danone's steady growth in the country," he said, adding that the company believes that China's ongoing consumption upgrade and booming e-commerce business will benefit not just domestic sales, but also other parts of the world.

"China's financial and asset management markets are full of vitality and opportunities. As individual investors' demands keep growing and regulatory authorities continue rolling out proactive and open policies, we expect the market to take great leaps," Lin said.

"China's metal producers are working hard to upgrade their product mix, to gain exposure for high-end products."