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Analysts said that the move is one of the greatest moves for financial market opening-up, and can have lasting, positive impact on China's financial market.

An oil refinery in New Orleans, US. [Photo provided to China Daily]

Andrew Williams, head of the food and drink sector at commercial banking company Santander UK, said such efforts are crucial in an industry that is exposed to the effects of the UK's pending exit from the European Union.

And the benefits are particularly concrete under current situation when the pandemic is still raging. If e-learning becomes a norm in the next few years, it may lead to restructuring, reform and reinventing in teaching and learning, Watkins said.

Anheuser-Busch InBev, the world's biggest brewer by production volume, will add more premium brands to its portfolio in China.