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And he is intent on bringing his distinct vision and leadership style - more about that in a bit - drive the company's efforts to grow globally by first shining in China.

And it's not just an entitlement for the tech-savvy youngsters. In Shanghai, senior citizens quickly filled their carts with veggies, cooking oil and bags of rice priced at up to 50 percent off, and were adept at paying with their phones.

Analysts believe the increase in natural gas demand is in accordance with China's ambition to optimize its energy mix and replace traditional fossil fuels with cleaner ones.

An said a lack of infrastructure in the domestic industry was also a major obstacle to developing such a business.

Analysts cited sluggish demand, especially externally, as the biggest downside risk to China's economic recovery after the pandemic sparked recession risks across the globe.