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"China will not have any problem at all meeting its growth target," he said at a news conference while speaking about the country's economic achievements since 2013. "The Chinese economy's stabilizing and improving trend remains unchanged and the whole-year results could be even better (than the target)."

"Consumers setting at home and not out spending money because they fear catching the coronavirus is the ultimate negative outcome," Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said in a research note.

"China's overall economic situation is good from the perspective of historical development," Stoffels said, "so there is still a lot of potential in the automotive industry."

"Chinese universities offer a wide range of high-quality programs but charge affordable tuition fees. With many scholarships available, their courses are even the most affordable options among leading universities in the world," he says.

"Consumer demand of the 1.4 billion population is changing, and the Chinese people need more imported goods to meet their demands, which means a huge potential for growth," said Victor Gao, vice-president of the Center for China and Globalization.