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"Given the still low business resumption rate, the first quarter's growth may be hit hard."

"Forty years after China's reform and opening-up, China's supply chain, manufacturing chain, as well as its talent pool, have probably grown to the top position in the world," said Wu Peng, general manager of marketing and sales at Dreame Technology, a Tianjin-based company that specializes in smart household appliances. "Along with the development of these basic infrastructures, Chinese brands have become very competitive in the world."

"Given the different development stages of G20 members, it is only natural that we may have diverging interests and views on some issues," Xi said. "The important thing is to always promote partnership and treat each other with respect and trust, and in that spirit engage in consultation as equals, manage differences while seeking common ground and build greater consensus."

"For a company to become internationally competitive, the question is not whether or not to expand its business overseas through M&As, but when to make the move," said Jiao.

"Given the size of its market, a strengthened consumption in China will not only be good for the Chinese economy. It could also have positive spillover effects globally," she said.