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Chinese white goods companies are expanding their global service network and enhance the protection of intellectual property rights to cope with the growing demand, said Shi.

Clariant Catalysts, a unit of Clariant, will operate the Jiaxing facility. Earlier this month, it and Tianjin University announced a long-term, strategic partnership for the future development and commercialization of new catalytic solutions, to better serve the Chinese market.

Chinese tourists, Silva notes, love to go to city landmarks when traveling. It’s very important for them to be at the Eiffel Tower and it’s very important for them to be in the Burj Al Arab Hotel. They also love brands and are really brands-driven.

Christine Lagarde, managing director of the International Monetary Fund, has stressed the power of financial technology in promoting the initiative, such as mobile banking and cross-border payments based on virtual currencies.

Citi China Securities Services said in a report that the MSCI inclusion of A-share stocks had long-term significance.