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"Consumers could not only buy fresh food from us, but also adult products, maternal, baby and female necessities, and other daily household products," said Hou Yi, CEO of Hema, at the second new retail summit in Shanghai held Jan 10-11.

"Complicated disputes and those that demand litigants to offer abundant evidence still need to be postponed during the epidemic," he said, calling for courts nationwide not to file new cases during the period, "because a new filing means litigants and their attorneys should go out to discover evidence, which is not good amid efforts to prevent and control the disease".

"China's performance indicates that the torrents of merger and acquisition activities aiming to forge globally influential conglomerates are starting to pay off," said Jiang Qingyun, a business professor at Fudan University's School of Management. "It's a natural reflection of the country's overall economic status."

"China's reform and opening-up started with the coastal area. East China got into international trade and resources allocation earlier than the other regions, and thus had the first mover advantage to attract foreign investment and develop industrial chains," said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

"Continuing uncertainties in the trade and investment environment have dampened the growth outlook across the world, with a likely impact on businesses and jobs, adding to the urgency and imperative of concluding the RCEP (Regional Comprehensive Economic Partnership)," the ministers said.