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"China is a top priority for Levi's and we see a huge potential and a huge long-term opportunity. In China, our performance was positive but it remains far from its potential. With China expected to be the top luxury market with over 40 percent of the global consumption by 2025, we are very excited by the opportunity," Yang said.
"By building industry clusters, provinces and municipalities along the belt can boost their competitiveness, which will optimize the industrial structure and help move industries in the regions from 'mid to low-end' to 'mid to high-end' markets in the long term," said Wu Qi, from the commercial bank research center at Hengfeng Bank Research Institute.
"By setting up manufacturing bases in Africa, Chinese companies are assured of a cheap, adequate labor force, access to raw materials and a big market," he says.
"China built a hospital with 1,600 beds in six days, while no other country in the world can even think of putting up a building in the same amount of time," he said.
"China has become a major market for US exports including high-tech goods, machineries, agricultural products and consumer goods. A trade war will definitely not be in the interest of the US," he said.
