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Another indication that men have been playing catch-up with women in this market is evidenced by how the per capita consumption disparity for beauty products between the two sexes has narrowed to 13.7 yuan, down from 26.6 yuan in 2014, according to Chinese e-commerce giant JD.com.

Another noteworthy contender in the ranking is Mengniu, a Chinese dairy brand growing at a similar pace to Yili. Its brand value rose 45 percent year-on-year, but from a lower base, hitting .4 billion.

Anwar Abu Sbaitan, senior executive officer of Kuwait-based asset management firm Kamco, said that the UAE and Saudi Arabia represent 75 percent of the GDP in the GCC countries, hence foreign banks have to run a presence here to bank on the region's prospects.

Any further rises would take overall hikes to between 200 yuan to 400 yuan per ton in just a few weeks, according to Jia Tingting, an industry analyst with chem99.com, a Shandong-based commodity information provider.

Another major reason for young Chinese to seek jobs in their hometown lies in the desire to support their elderly parents.