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And since more people begin to have an open mind toward medical cosmetology amid a period of consumption upgrading, related business would have a great potential in the future, Lotus said.

Analysts pointed out that while the drop in revenue was disappointing, it had to come at some point after years of growth.

An unmanned express delivery vehicle runs to a Cainiao Network Station in Xiongan New Area, North China's Hebei province on March 31, 2019. The unmanned express delivery vehicle, independently researched and developed by Cainiao Network, Alibaba's logistics arm, was recently put into service at Xiongan citizen service center. The new energy vehicle can convey about 200 small packages at one time from delivery station to intelligent cabinet. [Photo/Xinhua]

And it was the smaller cities rather than the first-tier cities that attracted him the most, as he was impressed by the rapid growth there.

Analysts from TF Securities wrote in a note that horse racing and large international sports events should be the two areas that are likely to see rapid development following the announcement of the central authorities' plan. While taking Shanghai (China) Pilot Free Trade Zone－the first of its kind in China－as an example, Hainan still lags behind in terms of the contribution of wholesaling and retailing to local GDP. In this sense, companies related to these two sectors in Hainan will have much room to grow, according to the note.