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"Considering the gradual recovery curve and the recent global outbreaks in multiple countries,-which will hold back Chinese travelers' willingness to go abroad-the loss of airport retailing business during the whole epidemic period could be as high as nearly a quarter of the annual income of duty-free stores," Yu said.

"Colleges and universities have rights to their names. As for some noted universities, they do not have to apply for trademarks to safeguard their legal rights. They can protect their rights by initial legal procedures for violations of rights to their names and unfair competition," said Gao Quanlong, a lawyer at Z&T Law Firm.

"China's automobile service sector is at an important turning point, and new consumer market opportunities and new consumer powers are taking shape. In the past three years, we have been striving to build the infrastructure to suit the new market, formulate new product and service standards, and realize industrial restructuring and upgrades in the form of New Retail."

"Commercial endowment insurance will be vigorously developed. In the past few years, new industries and new business models have emerged as China deepens reform of government functions and encourages entrepreneurial and innovation activities nationwide," Li said.

"Cities, states, and nations that invest in their people will thrive," he added.