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"But on the demand side, the overseas pandemic situation may still exert an influence on China's exports," Chen said. "It will take some time for overseas orders to be restored."

"China Skinny has noticed that many lower tiered cities are embracing Christmas this year more so than Shanghai. An example is in Chengdu where the lighting of the Christmas tree appears to be a grandiose celebration at many of the big hotels such as Hilton, Waldorf Astoria, Wanda, Kempinski, complete with VIPs, children's choirs, elaborate Santas, and a host of delicate Christmas-themed foods," says Tanner.

"By joining in managing global economic issues and overcoming crises, China's participation in the G20 meeting is playing a decisively important role in stabilizing the global economy," the professor noted.

"China accounted for approximately 30 percent of the cumulative growth in world GDP since 2010; absent this support, there is a very good chance that the world would have lapsed back into renewed global recession in the aftermath of the financial crisis," he said.

"But today the tables are turned. The best domestic banks in China actually have better capabilities and more skills than the international banks in their consumer banking units here in China. So we are going back and learning from the domestic banks about how they evolve their business models here, how they partner with some of the most advanced fintech companies in China, and how they are redesigning customer experiences and customer journeys through their mobile and online platforms," he said.