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As the epidemic is now in check and pre-holiday bookings are booming, the tourism market could be more active during the upcoming holiday than during the previous holidays in May and June, said He Yanqing, an analyst with China Securities, prior to Oct 1.

As the world's largest 5G and smartphone market, China has already made constant progress in telecommunication and electronics industries. A string of US tech firms, including Qualcomm and Apple, heavily rely on the China market for revenue and supply chains.

As the growth recovery is still ongoing and the supportive policy stance is warranted, experts said that China's monetary policy seems to be shifting to targeted support from broad easing, and the same may be more effective in mitigating the credit strains of small and medium-sized enterprises.

As this year marks the 20th anniversary of the cooperation mechanism between China, Japan and the ROK, China is ready to step up trilateral cooperation and uphold multilateralism and free trade, he said. 

As the old Chinese expression goes, it's like killing a chicken to terrify the monkeys; in other words, it's small enough to jail, too big to fail, Sung added.