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But analysts warned that their overseas expansion plans will affect profit margins.

But Prime Minister Jacinda Ardern has confirmed recently that trade minister David Parker would be attending a Belt and Road Initiative conference in Beijing in April.

But Hogan, a Republican and president of the National Governors Association, and Virginia Governor Ralph Northam, a Democrat, said they don't have the testing capability to open their economies.

But for Wang, who loves to travel, the cost of a 14-day quarantine is not affordable-in money and time. It's also a risk to travel abroad when the world is still in the grip of COVID-19, Wang said.

But after four decades of reform and opening-up, the whole mainland market has basically opened up to external investment, with most — if not all — foreign investors no longer having to access the mainland market through Hong Kong. The SAR is no longer irreplaceable, especially when Shenzhen catches up in terms of openness to the outside world and the rule of law.