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"China has seen robust development since its reform and opening up, but the country's manufacturing industry lags far behind many developed countries, particularly with its limited integration of industry and information technology," Wang said. "This has severely restricted China's manufacturing competence as well as its international competence in this regard."

"China is one of the most important markets for us. Although this market only accounts for about 5 to 6 percent of our sales today, there is a lot of potential for growth as Chinese consumers are becoming increasingly adventurous when it comes to fashion."

"But to defeat the virus, to stop it, countries also need very aggressive targeted tactics, testing every suspected case, isolating and caring for every person known to be ill and also tracing and quarantining and finding every close contact."

"Buying is no longer the sole purpose when visiting a shopping center. Consumption can be spontaneous."

"China has already commenced rolling out the 5G networks and the massive market scale it brings for the entire industry will make 2020 the breakout year for 5G," said Peter Richardson, research director at Counterpoint Research.