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And unlike the US which it seems does not want to see any tangible outcome in the negotiations between China and the ASEAN countries on a Code of Conduct for the South China Sea, the EU welcomes the talks and hopes they will produce an effective conclusion.

Analysts said the price increase of Chinese beer reflected upgraded consumption in the world's second-largest economy, as increasingly affluent consumers are less sensitive to prices but crave more high-end packaging and brands.

An online anchor uses her mobile phone to do live streaming. [Photo/Xinhua]

Analysts and the capital market are optimistic about the company's prospects, at least in the short term. Alexious Lee at investment bank Jefferies Hong Kong expected Great Wall Motors' sales to grow at least 7 percent in the second half this year and outperform the overall market, thanks to new models, flexible financing and China's antipoverty campaign.

Analysts also said that the low prices of China's exports have failed to reflect the real value of the precious resource.