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"Gone are the days when people used to define a life of good quality through possession of certain items or conspicuous logos," Jin said. "The new middle class see consumption not as a badge of honor but as a source of value."

"Given some divorced parents have not visited their children for a long time, we improved coordination with those granted child custody and finally achieved several successes in online visitation," he said.

"For international brands which have entered the Chinese market, duty-free stores provide more channels and opportunities for them to enjoy the dividends in this broad market," said Chen Wen, principal of leading consulting company Oliver Wyman.

"For many years, we have had a range of dedicated innovations in China that we do not sell in other markets. We are working on artificial intelligence-enabled personal health solutions for products such as oral care, air and sleep innovations, as well as nutrition and mother and child care," he said.

"Geographical coverage and fair access is another common challenge. Access to health services for the people of China varies enormously according to where they live, with urban access much better than rural. Fair geographical coverage for aged care services is also an issue in Australia," she said.