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"China needs a high-quality modern system to follow the new 'dual-circulation' development pattern," Wang said. "More efforts should be made to expand the effective supply in the logistics market and improve the service capabilities of the transportation hubs."

"But we had to be very cautious in Hong Kong because of the recent unrest," she said.

"China is one of the fastest growing markets in the world, and is also a strategically important market for Herbalife Nutrition."

"China has improved across almost all Doing Business indicators over the last decade, but the progress has been particularly impressive during Doing Business 2018-2020, when most Doing Business indicators improved," the report said.

"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.