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"China's automotive industry has been the global leader, especially in setting the latest trends and advancing cutting-edge technologies," said Johan Karlberg, a Shanghai-based partner at Roland Berger Greater China.

"China, however, is still at an early stage in the sector," Hoogewerf said.

"China's sound and sustainable economic development in the long run will remain unchanged, and China's economy has shown strong resilience even amid the outbreak's short-lived impact. We will continue to invest and expand our footprint in this country," said Mauro De Felip, general manager of confectioner Ferrero China.

"Currently, China is still at the very early development stage of a cat economy," Peng added. "More efforts are needed to tackle problems, such as expensive medical bills and low-end food processing."

"Considering that the regulator has significantly shortened the process of granting preparatory approvals to Bank of China Ltd and China Construction Bank Corp, and that many banks - especially large ones - have almost completed the preparatory work in terms of organizational frameworks, operating systems and staffing, the first batch of wealth management subsidiaries are expected to be formally established around the middle of this year," said Yang Yu, an analyst at the Shanghai-headquartered Hwabao Securities Co Ltd, in a research note.