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"Cashierless stores are going to be big business in China, as our research showed that Chinese shoppers have exhibited this very strong tendency of doing research online by themselves and self-serving when they make purchases," said Spencer Leung, a consumer analyst at Swiss financial services firm UBS.

"Changsha has a largely undervalued real estate market and the restrictive policy will help curb housing speculation," Yan added. "The previous restrictive policy targeted individual buyers, but companies were not directly affected."

"China is also an important market for France partly because of how people consume goods here," said Gaudin. "Back in France, the e-commerce scene is only just growing. Here in China, the e-commerce sector is far more mature, and this presents many more opportunities for French brands to get seen."

"But to date, this has not resulted in any revolutionary advances. In the export market, it is competing with Russia, South Korea, Japan and France, and there is no guarantee that it will become the predominant supplier."

"China is now transitioning from the high-speed growth pattern to a stage of high quality development, paying more attention to creating jobs, increasing people's incomes and protecting the ecology and the environment, "Ning told media on Wednesday at a State Council Information Office news conference in Beijing.