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Baldwin is bullish about Seattle, particularly given his experience in Silicon Valley. In a post on Medium, Baldwin wrote about a big opportunity for more founders and investors to help launch startups in the Emerald City.

Be & Cheery's strengths in data-led innovation capability and flexible manufacturing and sourcing have enabled it to quickly adjust its product portfolio to respond to changing consumer trends, according to PepsiCo.

Banks need to improve their evaluation mechanisms to strengthen confidence, readiness and capacity in their lending to such enterprises, it was urged at the meeting. The government will support banks in formulating inclusive financing plans dedicated to these enterprises and guide banks toward proper interest rate determination.

Based on the quotes made by quoting banks by adding a few basis points to the interest rate of open-market operations (mainly referring to the rate of the medium-term lending facility, or MLF), the LPR is calculated by the center, serving as the pricing reference for bank lending.

Baghdadi's own experience confirmed this. Replies flooded in after he posted a message on Facebook, stating: "Hello from Morocco. I am an English-language teacher searching for a good job with a good salary in China."