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"Cutting fees is just as important as cutting taxes. But because there is a lot of flexibility with fees, some companies may work on finding loopholes to help them avoid paying. Yet by doing so they are also paying the cost of taking a risk," he said.

"Continental is a leading automotive supplier with abundant experience in automotive electronics development and manufacturing.

"Chinese tea art is like the martial art kung fu," Hu said. "They both have a long history and a lot of varieties; you can find unique categories in every region of China."

"China's shale gas production is still expanding despite the energy price crash," said Li Ziyue, an analyst with BloombergNEF.

"China's appetite for consumer goods－on steroids post-COVID－continues to amaze the rest of the world," said Jacques Penhirin, the Oliver Wyman partner who led the survey.