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"Demand growth in traditional and emerging medical sectors will promote the systematic and balanced development of all sectors in the health industry," he explained.

"Despite growing public participation in exercise, the lack of awareness that this is a science, not just a habit, is taking a toll on exercisers' efforts and even causing serious harm now and then," said Tian Ye, a sports physiology professor at Beijing Sport University and head of the group that compiled the report.

"Even though COVID-19 has added a number of unstable factors to the global economy, we were able to witness China's quick recovery from the pandemic and the great resilience of its people, which makes us more confident about this market," said Zheng Dazhi, Asia-Pacific president of Bosch Thermotechnology, a German manufacturer of energy-efficient heating and hot water products.

"Demand for new cars is slowing, while that for used cars is constantly expanding, thanks to the government's favorable policies, an increase in car ownership, people's transformation to a more rational consumption attitude, as well as the growing number of people who plan to change or buy cars," said Yang Haoyong, CEO of Chehaoduo Group.

"Despite a moderate slowdown of its growth rate, China's economic fundamentals have not changed. And, China's status as a driving force of the world economy is growing higher," said Lee. "The Chinese market is a global market."