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"Currently, the pandemic is continuing its spread across the world. Given the complicated and severe international economic and trade situation, whether China's industrial profit growth will continue still remains uncertain," Zhu said.

"Content homogenization and intellectual property infringements are among the top reasons why users and investors have shown a higher level of rationality toward the once-explosive sector," said Liu Shijie, an analyst at consultancy iMedia.

"China will unswervingly deepen overall reform, expand opening-up, promote free trade and facilitate investment, providing important opportunities to all countries, including South and Southeast Asian nations," Hu said.

"China-made products might suit the domestic situation well, but can fail amid local challenges in other countries, resulting in negative word-of-mouth reputations in those markets."

"China's three internet giants are building a rich digital ecosystem that is now spreading beyond them. Baidu, Alibaba, and Tencent ... are driving technical performance such as computing efficiency to set new world-class standards," the MGI said.