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"China's economic fundamentals recovered in March, with domestic and external demand as well as manufacturing employment improving," said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Beijing-based media group Caixin.

"Cutting interest rates could be a choice for the Chinese central bank, and there is opportunity to cut interest rate

"Companies have been able to circumvent losses from canceled export orders due to the robust domestic demand," she said.

"Chinese brands are at the forefront of innovation, and its global brand-builders are helping to establish 'Brand China' as innovative, cutting-edge and pioneering. China's insatiable appetite for new technology is fuelling the growth of many brand categories and powering innovation at an incredible pace," the report said.

"China's medical equipment industry maintained a 20 percent annual average growth rate in recent years. With the expansion of China's aging population, the healthcare and medical equipment sector will witness robust growth," said Zhao Meimei, general manger of the white goods department at AVC.