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"Data-based research in China is easier, and the Chinese market is much bigger than Europe. When you start a business in the country, even if you are in a niche market, it's big compared to France or Europe," he said.

"Escalation of the trade war between the US and its major trading partners would be negative for US multinationals and the US labor market," said Zhang. "China's rising demand for US products, such as food and energy, may also help some US regions that were previously negatively affected by globalization."

"Edwin's proven track record in entertainment, events and scaling complex businesses on the world stage will be key as we build on the strong performance of IMAX China," Gelfond said.

"Despite facing a major crisis of its own, it has given every support to the global community－from releasing the genetic sequence of the virus at the earliest opportunity, to sending medical teams to Italy. I really do hope that when this is over, it will remove some of the misconceptions and bias against China that exist in the West."

"Economic history clearly shows that trade wars not only hurt global growth, but they are also unwinnable," said Lagarde.