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As the money flowed in, many companies have prioritized customer acquisition over profitability by offering deep discounts or free small-ticket deliveries. This has resulted in exponential expansion of the market with an annual growth rate of over 40 percent, said Eric Hor, associate partner of global consultancy Prophet.

As the two countries achieve economic recovery, he said they should make full use of their respective strengths, and promote mutual development as well as cooperation in trade, economic matters and in industrial supply chains.

As the backbone of Xi'an FTZ, the high-tech area is expected to spend 6 percent of its overall planned investment on research and development by 2020, according to a local development plan.

As the Chinese construction machinery bellwether, XCMG has maintained its top position for 29 years, and has become the world's sixth-largest construction machinery manufacturer to date. But Wang has bigger ambitions. Wang said he is optimistic about getting the group into the world's top three by 2025.

As the epidemic eases, more people are venturing out of their homes to quell boredom while avoiding crowds.