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"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now uses more than half of the world's semiconductors.

"But the most challenging situation is yet to come, probably in May and June, when there is a time lag of about one to two months from receiving an order to delivery," said Pan, 42, who is based in Ningbo, Zhejiang province. Zhejiang is one of the country's major centers of foreign trade.

"But on the whole, the growth in fiscal revenue will stay stable enough to achieve this year's revenue target," Lou said. "The improved quality and efficiency of economic development will continue to support the country's fiscal revenue."

"China is the world's second-largest luxury market, and we are delighted to have such a respected partner. This partnership addresses the market's challenges by combining the Farfetch brand and curation with the scale and influence of the foremost Chinese e-commerce giant," said Jose Neves, CEO of Farfetch, which raised 0 million in 2016 in a Series F round of funding.

"Chefs have demonstrated both resilience and solidarity in recent months during the COVID-19 crisis, and their commitment impressed us at all levels," he said.