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"Currently, there are 12,000 pet hospitals in China and more than 10 percent are chains from established brands," he said. "Also, there are more students choosing small animal treatment as a career."
"Chinese retailers look for brands that are well placed to expand into their own growing markets where an influential, well-connected name can help to open doors with mall owners, landlords etc, that can be promoted to quickly appeal to shoppers," said McKeever. "As this owner was already familiar with the brand…that knowledge and expertise augers well. Given the rate of expansion in Chinese malls this would seem an ideal opportunity and great fit."
"Clearly the growth of China is significant for us," he said. "China is the No. 2 economy in the world, and a major trading partner, and we have closest proximity."
"China's economy took off quite well in the beginning months of this year. As more social capital will be reallocated, the A-shares market is still lucrative," according to Guotai's note.
"China was working hard fighting COVID-19. No one at that time could have imagined that the pandemic would worsen to such an extent in the US," Jin says.