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By 2018, the company has businesses in over 60 cities as a whole, with 257 independent stores in 44 cities, 931 distributors and more than 3,000 additional points-of-sale.

By 2022, the region expects to reach annual output of 500 million bottles and provide jobs for 150,000 people. It's estimated Ningxia will receive at least 1 million tourists a year by then.

But, as the current long-term deposit rate can rise to as high as 4 percent, the rate of return on WMPs is unlikely to drop below 4 percent.

But the raging pandemic prompted the first postponement of the Games in peace-time, with the opening ceremony now slated to take place on July 23, 2021.

But they also noted that the sector still has some bottlenecks, including slow capital flow for some foreign companies as well as the constantly changing schedule of shipping companies because they are being affected by the pandemic.