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"China's economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus," CNN quoted a research note written by Julian Evans-Pritchard, senior China economist for Capital Economics, as saying.

"China took the lead in calling for and supporting the extension of the Debt Service Suspension Initiative," said Liu.

"Compared with a currency under pressure, the bursting of an asset bubble is a more serious problem, and policymakers need to be very careful about the monetary policy, to prevent tightening too much," said Yoshiki Takeuchi, director-general of the International Bureau of Japan's Ministry of Finance.

"Consumers used to make purchase decisions via pictures and texts. But the late 1990s were a different era. Only insightful companies that understand change can succeed," said Chen Zhongqi, founder of Xingcheng Qianzi swimsuit company. As the flagship company of Xingcheng, Qianzi opened 10 online stores on Taobao, eBay and Amazon to cater to individualized demands.

"Currently the vegan industry is export-oriented, for example, Shuangta Food's major food market is based abroad," he said, adding that domestic companies see man-made food as one single product instead of a complete industry.