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"China's online consumption surged significantly despite the coronavirus impact, effectively meeting the daily needs of residents and helping to promote the steady recovery of the economy," Gao added.

"China's duty-free retail market possesses huge potential as people's consumption capacity has increased amid widening market scope," said Guan Lixin, a researcher with the Chinese Academy of International Trade and Economic Cooperation.

"Chinese auto brands have made great strides thanks to improved quality and after-sales services, and sometimes they even outperform certain global names," he said, adding the future development trend of the auto industry should be the deep integration and collaborative innovation between traditional automakers and internet companies.

"Creating new scientific theory and discovering new phenomena and effects are the crown jewels of fundamental research," Xue said. "The discovery of the quantum anomalous Hall effect represents a major contribution by Chinese physicists to humanity's treasure trove of knowledge."

"Citibank's global network will allow us to come up with comprehensive solutions that can help the Shanghai FTZ companies to connect the domestic and overseas markets. In this sense, we are also making our contribution to advance the exchange between onshore and offshore markets, as well as the internationalization of the renminbi," she said.