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"Elections have consequences, but the defeat of the pandemic and subsequent economic recovery will continue to be one of the main market drivers in any election outcome," said analysts at UBS.

"Did Mr Watters notice the 'Great Wall' that the Chinese nation has built in order to manage and stop the epidemic? Why does Mr Watters pretend to ignore Chinese efforts to protect China and the world?" asked Gosset, a Sinologist.

"Despite the heated talk on trade, I remain an optimist about US-Chinese relations, economic and otherwise," said Drew Bernstein, co-head of the China practice at Marcum Bernstein & Pinchuk and an auditor of Chinese IPOs in the US. "I can tell you that we are getting more inquiries about US IPOs from China right now than at any time in recent memory."

"Everything is made in China, even a plastic cup," Ferman said. If you make it more expensive (through tariffs), then all of our things will be too expensive.."

"Driven by the profit motive, many speculators, whether qualified or not, rushed into the industry to take a bite of the large cake," Qianzhan's report pointed out. "Meanwhile, the industry doesn't have standards for the market entry permit, teacher qualifications and curriculum design."