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Chinese pharmaceutical and healthcare companies are seeing an increasingly stronger presence in the global market with effective strategies, reflected by more new drug registrations abroad, diversified international mergers and acquisitions and product licensing progress.

Chinese companies have already taken a greener and more sustainable path to growth, as the COVID-19 pandemic has highlighted the need for better healthcare awareness and cleaner surroundings, said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is a part of the Chinese Academy of Social Sciences.

Chinese researcher Tian also expected competition in some areas between China and Spain since the two are less economically complementary due to similar industrial structures. However, "the Belt and Road Initiative can help turn competition into opportunities for cooperation if they explore new models of collaboration," he said.

Chinese books about China's experiences in successful economic development, traditional cultures and Chinese companies are most popular in Arab countries.

Chinese college students spent a total of 685 billion yuan ( billion) last year, with each spending more than 1,400 yuan a month on average, according to a survey released in Beijing on Tuesday.