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"Companies that have business relations with the US have already felt the shock," said Li Jianwei, chairman of Hangzhou Euroluck Import and Export Co, a cloth and textile trader. Li said orders started falling from the second half of 2018 on fears of punitive tariffs, though textile was not included in the additional tariff list then.

"Cooperation between China and the EU is very much necessary now, as global competition will change after COVID-19," Prodi said. "Globalization will not end, but will change. We must set the rules now, with a common approach."

"Coupa is focusing on building a platform to enable companies to spend smarter. On the other side, KPMG focuses on implementation services. And we have a deep understanding of the industry-related business process and procurement processes globally, but also in China", said Michael Seitz, a partner at KPMG China.

"Consumers are becoming accustomed to buying imported goods through the cross-border e-commerce channels, which has become very effective and complementary to the general trade model," said Zhang Tianbing, a consumer products and retail industry expert from Deloitte Asia Pacific.

"Chinese cuisine is an important part of the Chinese culture. I'm very happy to see that Chinese food is getting more and more popular in Finland. And I hope we will find more Finnish restaurants in China and more Finnish food on our table," he said.