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"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.

"Clearly, we see now that China is driving into a more sustainable economy, caring more about the environment, growing the service sector and really trying to become a leader in innovation," he said.

"Cruise companies' revenues declined by nearly 30 percent in the months after the accident," said Zhu Ruming, deputy director of the Changjiang River Administration of Navigational Affairs, which is overseen by the Ministry of Transport.

"China's strong economy should be seen as a good thing right now, as China is such an important export market for so many other countries," Cavender said. "The fact that China is still buying and hasn't seen an economic collapse is important for the world, as China right now is a lifeline for a lot of multinational businesses that have seen severe reductions in sales in their home markets."

"China represents a tremendous opportunity, given its significant market size, abundance of unmet clinical needs and active entrepreneurship landscape. Establishment of this Medtronic med-tech innovation accelerator forms another bold step to continue to advance innovation through collaboration," said Omar Ishrak, Medtronic chairman and CEO.