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"Good milk must come from close to home," Jin Danjie, head of the Jinshan farm, explained that the world's dairy import and export map shows that in most countries the best fresh milk is largely locally produced.

"For international brands which have entered the Chinese market, duty-free stores provide more channels and opportunities for them to enjoy the dividends in this broad market," said Chen Wen, principal of leading consulting company Oliver Wyman.

"For internet companies, it's a business that is bound to make profit because it doesn't cost much to boost sales," said Hao Yansu, director of the school of insurance at the Central University of Finance.

"Foreign investments for the fourth quarter of 2019 were mainly driven by investments from China which accounted for 77.0 percent, followed by South Korea and the United States," the PSA said, adding China committed 86.3 billion pesos (roughly .7 billion) in the fourth quarter of 2019.

"Given the private consumption in China is growing rapidly and consumer finance market in China is highly underdeveloped and under penetrated, we can certainly see great opportunity and potential for this company today and for many years to come," said Bob McCooey, Senior Vice President of Nasdaq's Listing Services unit.