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"China has narrowed the gap with the USA at the top of the Hurun Global Rich List, from 13 down to 11", said Rupert Hoogewerf, Hurun Report chairman and chief researcher.

"China is in the international spotlight," said Yan Mei, Brunswick Group's senior partner in China. "Despite current geopolitical and commercial tensions, Chinese companies are still looking overseas to grow their markets."

"China has always been the fastest-growing and biggest potential market for Steinway. It is also the market that we have been investing most heavily in," she added. "After being here for about 20 years, we are finally at a phase of stable growth every year. We think it is the right timing."

"But the policy response has also contributed to global public debt reaching its highest level in recorded history, at over 100 percent of global GDP (Gross domestic product), in excess of post-World War II peaks," they noted.

"China has advanced digitalized services and it ranks first in terms of digital device use," Blume said. "Porsche team China offered us many new solutions and improved the new model's functions in these aspects."