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"Cross-border trade has become a vital growth engine for the city's economy," Wu said. "The city has seen an increase in import and export activity, and bilateral investment since last year."

"Consumers now have higher expectations for online-to-offline business," said Bruno Lannes, a partner at Bain & Co, the global management consulting firm, in China. "Retailers must come up with new models."

"China's white paper stipulating its policies in improving employment and protecting labor rights in Xinjiang is a welcome step," said Shabbir, adding that the paper "highlights China's commitments to international labor laws and conventions".

"China proved that a lockdown and staying at home are the best ways to tackle the outbreak and in Brazil we are going to have four months of a dip in the economy" due to those measures, he said.

"China's reform and opening-up has contributed significantly to global development," Park said, as the Chinese government created huge demand via expansionary fiscal policy during the global financial crisis and thereafter, serving as a driving force for global economic growth via the largest consumer market in the world.