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"China will develop a new model of social governance based on collaboration, co-governance, and common gains," Li said.

"China's Belt and Road Initiative is a perfect match with South Korea's New Northern Policy," he added. "For example, Chinese investors may face difficulties when investing in Russia, and with the help of South Korea, we will be able to conduct better communication with Russia."

"Consumers are developing an increased appreciation of well-being. They want to stay fit and healthy through sports. Our focus on accelerating our own-retail and digital business will serve us even better in the future."

"China's recovery is for real," the report said, although the recovery remains unbalanced to some extent and still lacks self-sustaining factors.

"Clearly, it's disruptive for us. It's disruptive for our customers," Quincey said on the company's earnings call last week. "But I think the conversations have been about how this is going to work for each and every customer."