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"China is leading the global snack industry's development," said Marcia Mogelonsky, director of insight for the Mintel Food and Beverage unit.

"COVID-19 is a common challenge facing all of humanity. China is fighting not just for itself, but also for the world," he said.

"CIIE serves as the platform for international procurement, investment promotion, cultural exchange, and opening-up and cooperation," said Wang Bingnan, vice-minister of commerce and director of the CIIE Bureau, while addressing the ceremony. "Amid the COVID-19 pandemic, to successfully host the third CIIE shows China's crucial role and responsibility in restoring the global economy," he added.

"By concentrating on selling online, foreign FMCG companies have gained traction in China without the need to build a complex physical route to market model," said Jason Yu, managing director of Kantar Worldpanel Greater China, who is also a co-author of the report.

"By the end of this year, the district will open 315 kilometers of roads for intelligent connected vehicles, and by the end of 2022 the figure will reach 1,300 kilometers in the district," she said.