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"China has become a core priority for Ferrero in terms of growth. Thanks to a series of timely and effective measures, the Chinese market has been the first to recover amid the pandemic, demonstrating its remarkable resilience and great potential," said Mauro De Felip, general manager of Ferrero China.

"China is actually becoming the leader in many markets and technologies that we are interested in," said Shafer, referring to digital platforms in China that help companies engage with customers.

"Chile is growing well in the market, due to a good price point and customer preference. For Chinese consumers, Chilean wines are highly cost-effective. In the past few years, Chilean producers have also reacted well to consumers' preference, such as introducing good design and packaging options," he said.

"China is increasingly amongst the leaders in global innovation and branding," WIPO Director General Francis Gurry said.

"CPI may continue to be pushed up solely by pork in the next few months, making it unnecessary for monetary policy to respond by tightening up," Yang said, adding that monetary policy is expected to keep making the stabilization of economic growth the priority.