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"Chinese companies should increase investment in technology innovation and business model innovation, and the government should guide capable large companies to create a strategic layout at the forefront of technological development," Gu said at the forum held by People's Daily, a Beijing-based national newspaper group.

"Chinese banks benefit from the DIFC's strategic location along the South-South Corridor as well as from our world-class infrastructure," said Kazim.

"Chinese consumers are showing an increasingly high demand for quality lifestyles, and more people are buying makeup to look beautiful. After the outbreak ends, we will see a further strengthening in the online shopping habits and spending on cosmetic products," he said.

"China's regulators were trying to buck the trend by keeping the yuan stable for a long time, but they are probably just going to let it follow market forces at this point instead of using precious dollar reserves to defend the yuan," Ann Lee, a specialist in China's economic relations and adjunct professor at New York University, told China Daily.

"China's successful exploration and practices in reform and opening up have offered a new choice for humanity as the world is at a crossroad for development," said Chi Fulin, head of the Hainan-based China Institute for Reform and Development.