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And he said it will be important for the nation to educate its population, particularly those in less developed regions, about healthy lifestyles.

Analysts expect the company to report a significant loss, reflecting the downturn in air travel as individuals and businesses cut back during the COVID-19 pandemic.

Analysts believe the inclusion of China's A-share market in the MSCI index is a win for the Chinese stock market, the MSCI and global investors.

Analysts with Haitong Securities said in a research note on Thursday that pushing the financial sector to sacrifice profits is an inevitable choice for the government to help smaller business survive a difficult period given the limited room for further monetary easing.

Analysts attributed the robust growth of international air travel passengers partly to the booming outbound tourism market, as increasingly affluent Chinese crave experiencing exotic cultures.