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"China's power sector will go through a very efficient process of reducing carbon emissions, and the carbon emission intensity in 2050 is estimated to be below 52 percent of that compared with today," said Luan Dong, China renewable analyst with Bloomberg New Energy Finance.

"China will enter a new developmental phase and will use new ideas to create new opportunities that can further facilitate a more open dual circulation," he said.

"Confronted with major challenges to public health, no country can stand alone, nor be almighty," said Xing, who urged the international community to work together in the fight against COVID-19.

"Churchill went through a lot of ups and downs in his lifetime but never lost heart when he hit rock bottom. Even at the hardest times of the World War II, he still remained persistent and resilient," said Ho, managing director of Asia excluding Japan for Fidelity International, an asset management company headquartered in London.

"Consumers are becoming more selective about the products they purchase, and tend to buy products that have more practical uses," said Emily Cheng, general manager of Honeywell Connected Living Solutions China.