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"Coming on the heels of the central banks, there is increasing optimism that politicians are starting to understand the scale of the economic stop coming -our way as the death toll across Europe and the US continues to rise," Michael Hewson, chief market analyst at CMC Markets UK, said in a research note.

"China's Belt and Road Initiative and South Korea's 'Northeast Asia plus' policy can be cohesive. There should be a lot of common ground and a lot of potential for cooperation between the two countries," Jung said, adding that the economic development between China and South Korea has formed an interdependent relationship, meaning "we must seize the state visit as a chance and work together in the future".

"China will promote high-quality development and build a new system of an open economy of a higher level," Wang said. "The scale of the domestic market will be further expanded. The combination of the domestic and international markets will be closer. There will be more room for cooperation between countries and China."

"Chinese had to learn nuclear knowledge from abroad back in the 1950s, and then we were able to make our own findings and developed our own technologies," Zhang said.

"Chinese internet giants are leveraging their own capital and technological advantages to create retail ecosystems, while consolidating offline spaces and upstream and downstream industries to maximize their competitive edges," said Jennifer Ye, PwC China consumer markets leader.