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"China is now one of our top five markets. Chinese consumers have the style consciousness of the French and Italians, and the spending power of those in the US," said De Jong.

"COVID-19 dwarfs anything that we've faced in recent history, and it isn't showing any signs of slowing down," said Biden, adding that the virus, which has now killed more than 223,000 people nationwide, "is surging in almost every state."

"COVID-19 is the single greatest catalyst for change in the industry in a generation, forcing our customers to reassess their priorities, but the global lockdown itself has not started any new trends on its own," said Sami Atiya, president of ABB's robotics and discrete automation business.

"But the number of immigrants allowed into the country is now so large that it may be overwhelming the assimilation process, including learning English."

"China has embraced mobile payments faster than any other country and will continue to lead the global charge in this regard," said Vishal Bali, managing director of Nielsen China.