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China's performance has strengthened the confidence of foreign multinational corporations in the Chinese market. MNCs such as General Electric, Fujifilm, Schneider Electric, Schindler Group, and Air Liquide Group swear by their expansion plans in China, despite the COVID-19 impact on the economy.

China's policies have largely focused on controlling the epidemic, promoting economic growth and easing financial difficulties of small and medium-sized enterprises, said Sheng. "The US Fed has said its aim was to facilitate credit and prevent short-term disruptions from turning into long-term recession."

China's whiskey market, which is worth roughly 3.65 billion yuan in 2019, has exhibited a relatively stable outlook.

China's white goods manufacturer Qingdao Haier, the first company expected to debut on the Frankfurt-based bourse, is waiting for authorization from German regulator before listing shares.

China's top legislature is revising the personal income tax code in a sweeping overhaul of the tax system. Specific personal income tax changes that aim to reduce taxpayer burdens and boost consumption are expected after the proposed changes receive regulatory approval.