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"For Halo Foods, such cooperation will help the Pakistan firm to further explore the potential of the Chinese market," said Shahbaz Siddique, financial head of Halo Foods.

"Good PMI data and good earnings performances by listed companies in the first half have contributed to today's share rise," said Hong Hao, chief strategist at BOCOM International Ltd, adding that large-cap shares and upstream resources stocks performed the best.

"Fonterra has contributed to China's dairy industry by developing high quality farms and showing there is a valuable opportunity for fresh milk in China's consumer market. However, we don't shy away from the fact that we've invested heavily in our China farms over the past 10 years. We will consider whether we still need to have large amounts of capital tied up in the farms," Hurrell said in replying to a question from China Daily.

"Growth may rebound over July-September driven by private consumption. But capital expenditure could slow by then. We need to be mindful of the risk that economic activity could slump again if Japan is hit by a second wave of infections," Minami said.

"Guizhou is determined to achieve full coverage of the project over all its administrative villages by the end of 2020," Jing says.