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"Companies need to focus on the younger generation's preferences and develop more affordable and environmentally friendly products, as well as making products more convenient for consumers to recycle," she said.

"China's rental housing market is booming thanks to a variety of driving forces. The leasing model is undergoing significant change from the C2C format to the current B2C rental housing format," it said.

"Chinese consumers, especially the young generation, have significantly increased their trust in local big brands. This signals a very positive sign for the rise of Chinese brands," said He Xiaoqing, partner and head of consumption and retail industry at AT Kearney Greater China.

"Clearly, this is an aggressive move by Uber to take out a competitor and further consolidate its market position," Ives said in a research report. "Especially as the COVID-19 pandemic continues to shift more of a focus to deliveries vs. ride-sharing in the near term."

"Chinese has become one of the most important languages in Canada, [with China] accounting for about one-third of Canadian international students studying in Canada," said Leslie. "The two countries have extensive cooperation in the fields of trade, humanities, environment, et cetera. China-Canada friendship is long and deep."