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"For one, these companies are already world-leading in technologies, sometimes just second to the US. On the other hand, the already high penetration rate in the domestic market is impossible to sustain long-term growth, prompting them to make an overseas presence," Wang said.

"For me, the significance of the study lounge is that it is an ideal place to read and think, which outweighs the lure of profit," Zhang says. "I'm ready to operate it as a public service project if we could cooperate with the community …we are heeding our inner call."

"For foreign companies, a collaboration with Chinese companies in infrastructure projects in third-party countries can help open up access to its large domestic market. Furthermore, foreign companies can partake as a private investor in projects that are risk-guaranteed by Chinese institutions, with an improved risk-return ratio," Wijeratne wrote.

"Fortunately, we're betting on the right track. As the TikTok accounts attracted more and more traffic in June last year, our team had grown from just three staff at the onset to more than 20 and finally got the business off the ground, managing more than 100 official accounts," recalls Cheng.

"Fiscal policy may not be constrained by the pressure of fiscal balance or the standard of fiscal deficit, which means bond issuance is necessary when it is required (by the economic situation)," said Ming.