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"Consumers are more willing to spend money this year. Whether it is filial piety to the elderly or rewarding children or themselves, trading volume has kept growing. Spending on entertainment and travel also grew fast," said Chen Han, a data analyst at China UnionPay.

"China's growth model, despite foreseeable headwinds, has been evolving constantly, including further opening up in attracting international capital and deepening financial market reforms," she said. "We expect China to adapt to current challenges and stabilize growth with corresponding policy supports."

"China will definitely be the largest economy in the world (in the future)," Oschmann said after the launch ceremony in Shanghai. "And this is not only based on China being so big and having such a (huge) population. It is also based on values and cultural elements in Chinese society."

"China's reforms in the healthcare sector make the medical device market more transparent and fair, allowing us to expand the market with competitively priced new products."

"Confronted with major challenges to public health, no country can stand alone, nor be almighty," said Xing, who urged the international community to work together in the fight against COVID-19.