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"China represents one of the largest opportunities for many of our clients and JP Morgan. It is a critical component of our growth plans, globally and in Asia. We have strong ambitions to strengthen our position in this very important market in order to better serve our clients and the local community."

"Cross-border e-commerce into China will probably play a bigger role this time, although at the end of the day it targets the same group of customers as domestic sales," said Richard McKenzie, a partner at consultancy Oliver Wyman.

"China will work with all parties to uphold free trade and multilateral trade system and maintain a common interest of all countries in the world," he said.

"Coronavirus infections are spiking across the country, but President Trump decided to attack Dr Fauci again today as a 'disaster' and call public health experts 'idiots' instead of laying out a plan to beat this virus or heeding their advice about how we can save lives and get our economy moving again," Biden said.

"China's civil aviation industry has gained sustainable growth over decades. It has the most member airlines of IATA, thus we highly value the market here and keep close cooperation with government authorities and industry partners," De Juniac told Xinhua.