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"Growing uncertainties in global business settings, increased prudence by companies making investment decisions overseas, and tightened compliance reviews by regulators on overseas investments are the reason for the drop," said Gao Feng, a spokesman for the Ministry of Commerce.

"Going ahead our association will actively work to facilitate global communications and cooperation," he said.

"For Chinese wine consumers, imported wine has become more approachable and is increasingly consumed by middle-class drinkers and seen as suitable for consumption at more informal gatherings," he said. "Wine flavor has been increasing in its importance as a driver of choice and Chinese consumers are seeking wines that they enjoy consuming."

"Given the continuous decline of the A-share market this year, combined with global trade frictions, foreign investors' interest in the A-share market has increased instead of waning, which is worth domestic investors' attention. In this sense, overly pessimistic investors will only give away the opportunities that should belong to them," said Jiang Qijia, a senior analyst at Noah.

"Fintech benefits a lot from a culture of innovation and experts driving the development of internet-based businesses," Wang said.