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"Chinese consumers have been really receptive to the product and its proposition. The reuse rate is extremely high. We see a robust market there owing to Chinese mothers' preference for safer and more premium baby formulas, the consumption upgrade and the universal second-child policy, that have helped to adopt and grow this new category and lead a new trend," he said.

"Could you name a single fact that would definitively prove the collusion? This is nonsense," Putin said, adding, "There's no evidence when it comes to the actual facts; we have to be guided by facts, not by rumors."

"Considering the structural price rise, it is unlikely to see China heading for stagflation in 2020," Cheng said.

"China's sharing economy market and the employment in the sector witnessed rapid growth despite rising macroeconomic downward pressure," said Yu Fengxia, deputy director of the Sharing Economy Research Center.

"Chinese publishers have connections with publishers from 190 countries and regions. The international cooperation deepens exchanges and understanding, and boosts the harmonious development of diverse civilizations," said Liang Yanshun, deputy head of the Publicity Department of the Central Committee of the Communist Party of China.