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Developing "new infrastructure" is a smart choice for China as it will not only counter the economic impact of COVID-19 in the short term but help the country unleash its growth potential in the long run, analysts said.

Dividend payouts are not only good for investors but also listed companies themselves, as they can help reduce stock price volatility and support stable operation, said Kou Guangwu, secretary of the board of directors of the Shanghai-listed Wanhua Chemical Group Co., Ltd.

Despite the seven-month-long social unrest stemming from the extradition bill incident, the fact that Hong Kong is an inalienable part of China remains unchanged, Xie said, calling on the international community to jointly uphold the international order and not to make any attempt to meddle in China’s internal affairs.

Despite the possible pressure on operating margins in the near term, New Retail should encourage brands to better manage demand and should help major e-commerce players increase their market share in the grocery category, making profitability more predictable, Shi said.

Digital privacy groups are up in arms about the pilot, claiming it creates a surveillance dragnet without the consent of residents who might be caught on film.