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"Coffee business is among the four high-growth food and beverage categories of Nestle. We continue to invest and see a great opportunity in our coffee business," said Altug Guven, senior vice-president of Nestle's coffee business unit in China.

"China's strong performance on the Midas List demonstrates that the country is continuing to produce a number of high-growth and highly-valued companies. While sometimes unknown in the US, these businesses can become globally significant, such as with Bytedance, the owner of popular app TikTok (known as Douyin in China), and they generate returns any venture capitalist would desire," added Konrad.

"Compared with sales figures, we are more concerned about the quality of our sales and customer satisfaction," Xu said.

"China's economy has shown strong resilience for decades. This gives us full confidence that the impact of the epidemic on the economy is temporary and will not change the fundamentals of the nation's long-term economic growth," said Leon Wang, executive vice-president and international and China president of AstraZeneca.

"China sacrificed the economy of Hubei province to buy time for the world to be better prepared for the virus. As the mobility of the country's entire population of 1.4 billion people was restricted, its economic activities literally ground to a halt for weeks," he said.