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Apart from being honest and efficient, Chinese companies have also been highly flexible and adaptive when facing the crisis.

Another strategic priority of InnoSpace is to raise 150 million yuan ( million) to 200 million yuan for its new investment fund by the end of the year. It will be used to support startups with high potential mainly in three targeted sectors: intelligent manufacturing, automobile, New Retail and supply chain.

Another difference: The company will be splitting net revenue from digital titles 50-50 with authors. Bott said he believes the traditional 85 or 90 percent share taken by book publishers isn’t fair, particularly when it comes to digital books.

Apparel has become a huge business for Amazon. The company surpassed Walmart as the most-shopped clothing retailer in the U.S., according to a Coresight Research survey from March.

Another reason supporting the renewed optimism is the belief that a trade deal between China and the United States is imminent, after a long drawn-out trade spat.