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"China is not in its bones a nation state but a civilization state. China has always had to accept a great deal of diversity across the country. Nation states such as in the West, where there is much greater homogeneity, would not be able to tolerate that difference," he said.

"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 lacks forest and timber resources, but is rich in bamboo. Expanding the use of bamboo is important to promote the paper-making industry," said Wu Hejun, chairman of Sichuan Yong Feng Paper Industrial Co.

"China is the largest exporting country of crude drugs. In the short term, the total orders might go down, but in the long term, the impact will be transferred to the local pharmaceutical companies in the US," said Shi Lichen, an industry analyst and the founder of a third-party medical services platform.

"But that may raise the leverage level at a fast pace. So structural measures should be used to contain potential debt risks and prevent asset price bubbles, especially in the property market," said Lou.