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Despite her years, Huang Huilin, 86, a professor at Beijing Normal University and president of the Academy for International Communication of Chinese Culture, keeps bringing new energy and a fresh approach to promote her cause.

Despite that, Jeffrey Sachs, a renowned economics professor at Columbia University, told Xinhua that he thinks there will be more protectionism in Western countries, both in the United States and the Europe.

Despite the decline of outdoor sports activities, people are giving more attention to improving their overall wellness through at-home exercises and keeping fit through online courses, creating demand especially on online channels for sportswear products.

Demand for high-end products has grown by 6 percent between 2015 and 2018 in the country, fueled largely by rising per capita disposable income, urbanization and consumption upgrades. The desire to lead quality lives is not restricted to the younger generation as several of the frugal retired population are now not averse to spending money on high-quality products.

Despite mounting external uncertainties, the Chinese economy has maintained overall stability and posted stable growth with an improved economic structure, Wang said, citing balanced supply and demand in the forex market and the firm growth of forex reserves.