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"China still has the best production supply chain of anybody in the world, and as it turned out, they were able to tackle the pandemic faster and more efficiently than anybody else," he said.

"China was opening-up and I thought that it would become extremely open one day. I knew it was the right time to go to China," he recalled.

"Consumer products were among the sectors that were opened up quite early in China. Chinese brands are fast in their innovations of products. Our company is like a car that is shifting gear and using stored-up power, and we are waiting to accelerate and reach the full speed," Ai said.

"Compared with Western culture, Chinese culture is more optimistic," Liu adds. "The entire Christian background and other religious backgrounds are absent. Even if religion appears, it has not become culturally dominant. I'm not saying which one is better, though."

"Chinese bearing companies should have the confidence in producing high- and middle-end products."