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Angelica Anton, founding partner of Silk Ventures, said her team's China connections is one of the main attractions for member companies. Anton worked with the foreign direct investment team at the Hangzhou local government before relocating to the UK.

Analysts said the acceleration in profits in July was mainly due to government measures to boost resumption of work and production across the whole industrial chain at a faster pace, as well as a rebound in production and sales. They expected the rising demand will continue to boost industrial profit growth in the next few months.

Analysis

And that’s pretty much exactly what they found inside — but with a technology twist.

Analysts expect the services sector to continue its recovery as policy efforts strengthen, but lingering uncertainties from the novel coronavirus epidemic could make the future recovery "gradual and bumpy".