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"China first and the rest of the world next," Glaser said explaining the company's overall strategy. "The primary market for our new products is in China and then we will take it as a starting point to expand our businesses to other parts of the world."

"Cars are increasingly viewed as a high-tech device rather than merely a means of transportation," said Wu. "This is increasingly fueled by the advent of 5G, artificial intelligence and internet of things technologies."

"Buying online has become a major channel for Chinese pet owners, due to its wide range of pet products, quality guarantees, convenience and precise digital marketing strategy," Zhang added.

"China has shifted into policy exit mode amid a firm domestic recovery and an improving global outlook. The country is expected to exit from expansionary fiscal and accommodative monetary policy in a mild way to steer off a policy cliff," he said.

"By March the title wasn't a provocation any longer," he said. "It was obvious."