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"Companies that back their brands with the power of creativity and ideas will be the winners in today's world of innovation and change, and China excels in this respect," said David Roth, chairman of BrandZ and BAV Group, which are subsidiaries of WPP.

"Coming on the heels of a record-breaking increase in anti-Semitic incidents in the United States, it represents a continued escalation in violence against Jews."

"China's fast-growing digital economy has sharpened the country's competitive edge in industry and created favorable conditions for foreign businesses to invest in more areas," he said, adding that 4G-and 5G-based digital infrastructure is a solid foundation that facilitates rapid growth of artificial intelligence, big data and diversified online services.

"Compared with the world's largest spender on military affairs, the money China used for national defense in 2019 was only one quarter of that country's expenditure," he said."When it comes to per capita terms, ours was one 17th of theirs."

"Chinese carmakers responded fast to local market trends like SUVs, so they could develop fast in the past decade," Li said.