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Analysts say these changes conform to the objectives of the tax reform which are to facilitate social justice and increase the growing vitality of the Chinese economy.

And really, that’s what matters.

And that's just one example. E-commerce is disrupting the beauty sector in China and companies are riding the wave of the change, according to Hagen Wulferth, chief digital officer of L'Oreal China.

And so they did.

Analysts said CATL's lead will continue for a while to come, but it's clear the company will face more pressure than before and so it follows that the company expands its business into other sectors.