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"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California in Berkeley.
"Consumers may think UnionPay was too slow and trailing Alipay and WeChat Pay. But, UnionPay launched QR code-based payments only after the authorities officially approved such mobile payment systems," said Liu Fei, a retail sector researcher with Shanghai Mingshan Consulting.
"China's regulators are probably just going to let it follow market forces at this point instead of using its precious dollar reserves to defend the currency," Lee said.
"China's strategy now is to shift to more intensive rather than extensive growth and that transition will deliver more prosperity, both in China and abroad," said Fredrik Erixon, director of the Brussels-based European Centre for International Political Economy.
"Chinese consumers have been really receptive to the product and its proposition. The reuse rate is extremely high. We see a robust market there owing to Chinese mothers' preference for safer and more premium baby formulas, the consumption upgrade and the universal second-child policy, that have helped to adopt and grow this new category and lead a new trend," he said.
来源：资阳报