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"Financial institutions should have a countercyclical mindset. When times get tough, they should not simply reduce lending, collect debt in advance or stop lending, for their asset quality will worsen if their clients' risks increase rapidly," he added.

"Having watched the execution of WeWork in China over the past few years, and the growing need for flexibility accelerated by the pandemic, Trustbridge firmly believes the demand WeWork fulfills will only continue to increase," said Ge Feng, managing partner at Trustbridge Partners.

"For the next step to consolidate the integrated development, the existing connection channels will face a bottleneck, which needs more bold and specific innovation and breakthrough," said Xing Yujing, head of the PBOC Shenzhen Branch.

"For the majority of our customers－those born after the 1990s－they spend money not just for the product per se but for a change of lifestyle. So what they really value is the experience that a brand can bring."

"GAC is expecting some inspirations in connectivity from the younger counterpart, while Nio might be preparing itself for the versatile future possibilities," Zhang said.