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"Had they got to me an hour later I would have been dead," Ma says.

"Guided by mutually beneficial market operations, SOEs will actively enhance all-round cooperation with them, serving as a national team in stabilizing the industrial chain over the long run," Weng said.

"For example, due to the coronavirus outbreak, we were not able to meet our clients and sign contracts face-to-face. We managed to solve the problem by pushing forward with digital trade, enabling them to finish the whole process online including making orders and signing contracts. As a result, most of our businesses have not been affected by the pandemic."

"Foremost, it will promote structural reform domestically and help propel growth forward in China," Gupta said. "And because China is such a huge contributor to global growth and increasingly to global consumption too, the world economy will grow much more prosperous on the back of China's growth."

"For example, our index agrees with both the Barclays and the Bloomberg indices in estimating Chinese growth to have been around 11 percent in 2007, and not to have experienced a substantial spike before the financial crisis, while the official GDP series records growth as spiking from 12 to 15 percent between 2005 and 2007. However, our predictions for current Chinese growth rates are above those of market participants, as well as of the Chinese government itself," the report said.