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"By having their brands exposed during hot sports events, companies can reach their potential consumers in a more efficient way, so as to help increase sales and expand brand influence," said Leon Zhang, partner of global consultancy Prophet.

"China is definitely a highly dynamic market for luxury brands, which see growth momentum largely coming from the country," Zhang told China Daily in an interview. "With the younger Generation Z consumers shaping up to be the backbone for luxury brands, their desire for socializing, interaction and sharing are propelling us to delve into the realm of social retail."

"China enjoys close communication and cooperation with the WHO, and updates the WHO in an open, transparent and responsible manner. After the outbreak of COVID-19, China immediately reported to the WHO, shared with it and the international community the genetic sequence and China's prevention and treatment experience without reservation," said the ambassador.

"China Mobile has made a bigger investment in 5G tests and experiments, compared with its rivals, including China Unicom and China Telecom. Moreover, China is in the forefront of 5G technology around the world, possessing a right of speech in the establishment of 5G international standards," said Fu Liang, an independent telecom analyst.

"China is of strategic importance to Standard Chartered. We are honored to be the first international bank to be granted this license," said Bill Winters, group chief executive of Standard Chartered."China is already being recognized as a major financial market. We are excited to be part of this process as we work closely to support our clients in their custody needs."