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"Companies should be taking advantage of today's market conditions to reassess their portfolio vulnerabilities and divest assets that are not part of their future growth strategy," said Alex Zhu, EY's China North Transaction Advisory Services Leader.

"Currently cinema owners like us are already facing cash flow challenges with little revenue coming in and continuous expenses for rent, equipment and staff," Wang said.

"Currently the national average operating load rate of medical waste treatment facilities is around 50 percent of total capacity," Zhao said.

"Compared to the Western consumers, Chinese people have shown a higher acceptance of new products and technologies. It is for sure that high-end and technology-enabled kitchen products will promise sustained growth in China. It is one of the major reasons that we will make high-end tailor-made products as the main product line here in the future," said Maeck.

"Chinese auto exports are recovering after years of decline, with Egypt being one of the biggest export destinations among the Arab states since 2015," said Wang Xia, chairman of the Automotive Industry Committee of the China Council for the Promotion of International Trade, in his speech on Thursday at the conference held in the Ningxia Hui autonomous region.