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"Chinese parents are obsessed about education, something that is based in the culture," said Jeff Zhu, vice-president of Shanghai-based Dipont Education Management Group. "It has always been perceived as the main, if not the only, ladder, for the elevation of social status."

"Chinese companies acted quickly based on their experience and capacity accumulated over the past two decades, especially in the IVD sector－an area that features interdisciplinary R&D, manufacturing and laboratory applications involving biology, physics, chemistry, materials, optoelectronics and genetics," he added.

"Christmas markets have received increasing coverage as a cultural experience and attraction," Sedlinger said. "It seems that this is now an important element of city trips, and visiting a Christmas market is increasingly seen as a special experience and an exotic cultural attraction."

"Competition is definitely fierce," said Zhao Huanyan, chief analyst at Shenzhen-based hospitality consultancy Huamei. "For platforms like Fliggy, scaling by gathering more hotel resources is a prerequisite before technology can make a difference and generate profits."

"China's fast development following its reform and opening-up policy since the late 1970s impressed me a lot. So I chose China as my first stop for overseas studies," he said.