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"During the period from January to October, Forever's sales of bicycles surged 70 percent and electric bikes grew 22 percent. Our profit increased more than 70 percent, and we sold out up to 200,000 units of products online during the Double 11 shopping festival," said Miao Dan, director of branding with Shanghai Forever.

"During the one-week long Single's Day in 2019, I sent out more than 100 parcels, and this year, I have already got more than 200 parcels with the first wave of the shopping festival, " he said.

"E-commerce platforms in this case have played an important role to reach out to the consumers," he said, adding China is one of its high-priority markets. The firm will continue to invest and launch new products in the country.

"Due to the escalating trade dispute, the anger of US farmers and companies, especially those from high-tech manufacturing and service sectors, has put Republican candidates under pressure as midterm congressional elections approach," said Tu Xinquan, director of the China Institute for WTO Studies at the University of International Business and Economics in Beijing.

"DME owns over 80 percent of the market share in craft beer equipment manufacturing in North America and is a company with high reputation," said Yang. "CIMC Enric, despite its former acquisitions in global beer equipment business, lacks market presence in North America."