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"Having successfully managed the effects of the COVID-19 pandemic with the support of the Chinese authorities, Nestle has decided to increase its investments in China which is another clear demonstration of our long-term commitment and confidence in the country," said Rashid Qureshi, chairman and CEO of Nestle Greater China Region. The company announced new investments of over 730 million yuan to enhance its product portfolio in late May.

"Going forward, while large-scale privatization or closure of SOEs is unlikely, there will be more consolidation of SOEs through mergers and acquisitions, disposal of non-core SOE assets, mixed ownership reform and increased employee incentives," Wang said.

"For irregularities that take advantage of the blockchain concept to make speculations and mislead investors, the stock exchange will take disciplinary punishment measures without delay. For those suspected of violating the law, we will report them to the China Securities Regulatory Commission."

"Given the complexities of proliferation-related issues, they can only be properly resolved through dialogue and cooperation," he said. "Attempts to impose one's demands on others while ignoring others' legitimate concerns by means of unilateralism and maximum pressure will only make issues more complicated and intractable, which serves no state's interests."

"Gucci has perhaps suffered more than others from the lack of tourist flows," Duplaix told reporters.