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"Consumers want more than just books from us," said Zhou Juan, general manager of Yanjiyou in East China.
"China's appetite for consumer goods－on steroids post-COVID－continues to amaze the rest of the world," said Jacques Penhirin, the Oliver Wyman partner who led the survey.
"Current law generally imposes administrative penalties on violators of product quality law, which are too lenient," Huang said. "A system under which violators of the law would suffer devastating consequences would act as a deterrent."
"Chinese consumers have increasing demands for premium brands and high-quality imported products, ranging from toothpaste and toothbrushes, mattresses, clothes and handbags, said Zeng Bibo, founder and chief executive officer of Ymatou.
"Chinese companies invest in Israel, funding Israeli technology, and find ways to make it global. I think the opportunities are endless," Uri Levin, CEO of Israel Discount Bank of New York, told Xinhua on the sidelines of the event.
