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But the growth rate still did not meet his expectation, Zhao said, adding that the company will step up efforts to boost sales.

But the department said that some countries or regions have imposed export control on such products, which are also in short supply and high demand in their own places.

But the impacts should be limited as the overall low market valuation can shield the risk of a market crash, while the rather ample room for monetary policy measures will help the economy withstand a potential global economic recession, Xue said.

By Wednesday, there was one community that was designated high-risk, with 18 others deemed medium-and low-risk citywide.

By 2022, sales in the hotpot sector are expected to reach 800 billion yuan (6.3 billion), given its high acceptance and unique taste. In major first-and second-tier cities, there is still room for further expansion while in smaller cities, the room for growth is significant, said a research report by China Securities.