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Certainly, a good level of material prosperity, or raw GDP, is needed. But xiaokang also emphasizes the need to ensure the well-being of everyone, while acknowledging the need for entrepreneurs and businessmen to drive development.

Carlos Ghosn, then-Chairman and CEO of the Renault-Nissan Alliance, poses after the Renault's 2015 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, Feb 12, 2016. [Photo/Agencies]

Charging 7,500 yuan to 10,000 yuan per month, a patient will receive 24-hour monitoring and procedures, such as suction, tracheostomy care, turning, bathing and toilet care, which are carried out by trained nurses. Comparatively, an ICU at hospital will cost around 3,000 yuan per day.

Central authorities have pledged to compensate licensed breeders of "nonconventional species" following the imposition of a sweeping ban on wildlife consumption in February due to concerns that such animals played a role in the spread of the novel coronavirus to humans.

Cathy Jim Ka-wai, director of RHT Industries and founder of medical grade air purifier b-MOLA, agrees. She said Hong Kong has certain advantage in innovative technologies, but there is room for deeper collaboration between the city and the Chinese mainland in streamlining business and trade, as well as innovation and technology.