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"China's main consumers are young people who persistently pursue beauty, novelty and enjoyable experiences, so it is important for cosmetics brands to look into their needs and innovate accordingly," Cui said.

"Chinese companies need to tell their story in a way that is suitable for the local culture and the understanding that local people in that market have of Chinese companies."

"Crawfish has become one of the most sought-after and highly recognized summer foods in the country. Continuously launched new flavors in the market further stimulated the demand from consumers. They helped to enlarge consumer group scales, and raise the average spending and eating frequency," said Neil Wang, president of consultancy Frost & Sullivan in China.

"Countries should engage in international cooperation to fight against COVID-19, in particular to assist developing countries," he added.

"Currently, the overall risk of the country's financial system is controllable, but the financial sector is still in a risk-prone period due to multiple factors and is still facing a tough situation," he said.