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"But the main challenge lies in whether these firms can succeed in foreign markets and attract local consumers with strong Chinese characteristics."

"China has advanced information technology infrastructure and mobile payment methods, and relatively under-developed food industry facilities. In this kind of environment, the unmanned food and beverage vending market will see significant growth opportunities."

"California's doing its part," Governor Gavin Newsom told reporters when he visited the Gilroy shooting victims at the Santa Clara Valley Medical Center on July 29. "But the folks in the White House have been supporting the kinds of policies that roll back the work that we're doing in states like ours to get rid of large-capacity magazines, to address the issues that we're trying to advance on background checks."

"But today the tables are turned. The best domestic banks in China actually have better capabilities and more skills than the international banks in their consumer banking units here in China. So we are going back and learning from the domestic banks about how they evolve their business models here, how they partner with some of the most advanced fintech companies in China, and how they are redesigning customer experiences and customer journeys through their mobile and online platforms," he said.

"But that accounts for only 5 percent of our revenue, and we expect to double our sales this year in Russia," Ren said.