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And his bet paid off: Kitpong sells the serum under the Acha brand, but also supplies South Korean and US cosmetic companies with a dried powder at 1.8 million baht (,200) per kilogram, he said.

And Shandong officials aren't just targeting their own province. To promote Confucianism worldwide, provincial officials are working with the Nishan Forum on World Civilizations, World Confucian Conference and Nishan Book House, according to Wen Shanchang, head of the foreign liaison division of the Shandong Provincial Department of Culture. Nishan Book House, launched by Shandong Friendship Publishing House in 2012, is devoted to providing quality Chinese books to foreign readers and accelerating the appreciation of outstanding Chinese culture around the world. According to Wen, the overseas book houses are established in the Confucius Institutes and public libraries, as well as the schools and libraries organized by the ethnic Chinese in more than 20 foreign countries, including Russia, Austria, New Zealand, the United States, Italy, Argentina, the United Kingdom, Germany and South Korea.

Analysts said under such circumstances China, which has been BMW's largest market for years, will appear even more important for the carmaker.

And so, once again, I think you’re going to see lots of these kinds of things take place, as well as what I’ve been saying for the last few years, and that is, a level of consolidation and store closures, which we’ve all seen. But Starbucks, despite the cyclical issue of the macro environment, we are in the mix not only in these conversations, but clearly, the level of store growth, the level of customer profile, and the continuation of the velocity of building the equity of the brand domestically and around the world, and as Kevin said, the power we have to grow two businesses at once, a more mature business that clearly is not saturated here in the U.S. with the number of stores we continue to open with great success, and as Belinda said, the very early, nascent stages of what we’re going to have, which is thousands of retail stores in China, multiple points of distribution in terms of product, and a digital relationship with multiple companies, based on the fact that the consumer in China is well more advanced than the U.S. consumer in terms of being a digital native.”

Analysts from Shanghai-based Sinolink Securities said overseas institutions will invest mainly in companies that face little competition in the local market, produce positive financial performance and have potential to emerge as super brands in the future.