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"For the majority of our customers－those born after the 1990s－they spend money not just for the product per se but for a change of lifestyle. So what they really value is the experience that a brand can bring."

"Fracking technology can lead to contamination of the groundwater," the German Environment Agency (UBA) found. Environmentalists are very concerned about the use of chemicals and the disposal of the resulting wastewater. Unlike in the United States, only so-called conventional fracking in sandstone is permitted in Germany.

"Globalization is a good thing for the world and good for billions of people," he said. "What you do in globalization is you are specializing skilled people and then we trade, exchange and manufacture."

"Foreign convenience store chains have well-developed supply chains, thanks to their long experience in the sector. Many stores have been able to increase their gross profits by upgrading products, structures and by raising the proportion of fresh food. And most of their fresh food comes from self-owned brands," he said.

"From that division, we have yielded good results with sales volume increasing by 15 percent to 20 percent annually for three consecutive years," Zhang said.