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"Consumers nowadays have become increasingly sophisticated and therefore look for value before paying a premium price," Li said.

"Chinese citizens enjoy full freedom of religious beliefs in accordance with the law," she added.

"China's soft power and international influence will be strengthened if we can better resolve international commercial cases," she said.

"Companies need to focus on the younger generation's preferences and develop more affordable and environmentally friendly products, as well as making products more convenient for consumers to recycle," she said.

"Consumers in second-tier cities or even smaller ones usually have more spare income, as they are free from the pressures of housing and children's education compared with those in first-tier cities," said Jin Guangyang, CEO at Reindeer Beauty, a franchised cosmetic procedure clinic established earlier this year focusing on medium-to-small cities.