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"For multinational corporations, more decentralized decision-making at the country level, faster rollout of products, and more localized endeavors to stay tuned to customers' needs are some of the decisive factors for their outperformance," Jason Yu, managing director of Kantar Worldpanel and one of the authors of the report, said. For instance, the role of e-commerce has moved from the periphery to the forefront in many businesses of multinational brands in China.

"Great news! #MAGA" US President Donald Trump tweeted on Monday after the Dow posted its third-best one-day point gain.

"Financing for new projects should be better controlled," said the report, highlighting that financial institutions are forbidden from providing capital for projects without a stable cash flow or legal guarantees.

"Going digital is a big part of our strategy that drives our success in China," said Filipp Cai, general manager of Innisfree China, the South Korean cosmetic house.

"For instance, the Foreign Investment Law and the regulation on improving the business environment, which took effect this year, will further simplify compliance and alleviate the challenges faced by the companies," Lee said. "To cushion the novel coronavirus effect, the Chinese government has come out with preferential policies to support the development of hard-hit companies, including foreign firms operating in China."