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"China has become a core priority for Ferrero in terms of growth, and we are fully confident in the prospects of China as the world's fastest-growing consumption market. With the acceleration of urbanization and expansion of the middle class, the size of the consumption group and their needs have been continuously increasing," he said.

"China has managed the aftermath of coronavirus much more efficiently than Western economies and will therefore catch up with these economies rather more quickly," he said.

"By improving judicial efficiency, companies heavily in debt can be cleared from the market as quickly as possible, and those that still have value in the market can be rebuilt more quickly," Liu said.

"Capacity continues to be the missing link for the continent to successfully drive its industrialization ambitions," says Kagiri. "This means that African governments need to focus on performance of the economy as well as capacity-building. It goes hand-in-hand."

"China is now the second-largest filer of international patent applications after the United States. The number of applications is still rising at a very rapid rate," Gurry said.