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"China sees us as a country which has its own interests at heart and one which does not go out of its way to antagonize others," he said.

"Currently, the data of banking institutions lack accuracy, comprehensiveness and timeliness. These quality problems for data have prevented banks from heading toward high-quality development and have affected the regulatory efficiency," said the China Banking Regulatory Commission in a written explanation for the latest guidelines posted on its website.

"Considering that imports can ease structural supply shortages, food prices should not pose continuous inflationary pressure," Yang added, pointing out that fruit prices will fall as more types of fruit mature, and as the country ramps up and diversifies fruit imports.

"China's fast and effective control of the pandemic helped restore consumers' confidence, which is crucial for big-ticket items like cars," said Thomas Fang, vice-president of consulting firm Roland Berger's China office.

"China's top internet players have the biggest command of consumer data and are better positioned to bear the ever-increasing marginal costs to capture new customers," Lu said.