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"For international brands which have entered the Chinese market, duty-free stores provide more channels and opportunities for them to enjoy the dividends in this broad market," said Chen Wen, principal of leading consulting company Oliver Wyman.

"Globally, young customers don't accept advertising at face value and don't take vendors at their word," said Jacky Tang, general manager of Reo Communications, a Shanghai-based social media agency. "They tend to check online for product reviews, swap links to favored products and seek out third-party options. That has made so-called key opinion leaders very convincing."

"Fiscal policy has advantages compared with the monetary policy, as it can be targeted and temporary, with a short lag. Thus, fiscal policy is more appropriate and should play the lead role in dealing with the one-off short-term impact of the epidemic," said Zhang Bin, a senior researcher of the China Finance 40 Forum, a think thank.

"Finland is often the first stop for Chinese travelers heading for Scandinavian countries. Traditionally, Chinese shoppers were reluctant to spend too much money in Finland because they preferred to save their cash for later stops. But now they can spend as much as they like, without consciously calculating if they have enough cash left," Yin said.

"Gold output from overseas by major Chinese producers reached 23.4 tons in 2018, accounting for 6 percent of China's total domestic output."