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"China is the world's largest smartphone market. Samsung's limited presence in China has considerably harmed its business," Xiang said, adding that Samsung's business in India is also heavily affected due to city lockdowns.
"China can use the RCEP as an opportunity to expand opening-up and continue to deepen reforms. Greater opening-up will provide inexhaustible impetus for the country's economic growth," he said.
"But now there are increasing numbers of retired people over age 60 due to the aging population, possibly bringing shortages in the labor force," he said.
"China has the global competitive edge in terms of labor-intensive products, while the US has the global advantage in terms of skill-intensive products and service industry," said Xu Hongcai, an economist with the China Center for International Economic Exchanges.
"But powered by premium content, more users are paying for these series," Wang added.
来源：资阳报