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Those born after 2000 took an 8 percent share among consumers in 2018, and over-95s took 15 percent. Hyaluronic acid injection and double-eyelid surgeries were among the most popular procedures with young people, according to the report.

Thomas Fang, head of China equities at UBS AG, said many overseas institutional investors are showing more enthusiasm than domestic players in the A-share market. He said they are optimistic about China's fundamentals and the attractive price-earning ratios of A shares.

This year's Lantern Festival on Feb 19 attracted 570,000 visitors to the photoelectric fireworks show on Sichuan Tower of China in Chengdu. The operator of the tower attributed the new rush to the booming nighttime activities in the city. Fashion bars and museums stay open till late, attracting tens of thousands of young consumers who spend liberally.

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Those on the inaugural journey can enjoy beautiful scenery and two-day stops in Yingtan, Jiangxi province, and Guilin, Guangxi.

Those at the meeting said that faced with the complex international situation and arduous tasks for domestic development, and especially amid the impact of the COVID-19 pandemic, the CPC Central Committee has assessed and dealt with the situation in a calm way and further promoted the development of all causes of the Party and the country.

This will further invigorate Hong Kong compatriots' patriotism and love for the city, and inspire national spirit, he added.

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This year's festival is a large-scale cultural communication event in the film industry and the first of its kind in Chengdu.

This year's CIIE will open a window of opportunity for producers to feature their top-tier wines in a bid to secure a larger slice of China's growing and increasingly more sophisticated consumer market, Perinetti said.

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This year's show will also see a major shift in content. The launch of Disney Plus and Apple TV Plus in 2019 made it a big year for streaming services. NBCUniversal's Peacock, short-form video platform Quibi and HBO Max are all set to launch in 2020.

Thomas Garbarini, a New York-born translator and painter [Photo/Xinhua]