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Chinese cellphones have grabbed over 50 percent of the market share in India, and are mostly assembled locally. Any attempt to keep them at bay or shut down Chinese-invested factories will hurt the Indian economy and cost Indian jobs.

Chinese people are well aware of the legendary story of the Italian merchant Marco Polo traveling all the way through the ancient Silk Road to China and introducing the mysterious oriental giant to the western world after his return 700 years ago. However, maybe not many know that Italy, or Ancient Rome to be exact, marks the end of the ancient Silk Road connecting east and west.

Chinese e-commerce giant JD reported its net revenues for the first quarter of this year reached 146.2 billion (.6 billion), an increase of 20.7 percent compared with the same period last year, with annual active customer accounts rising 24.8 percent to 387.4 million in the twelve months ending March 31, 2020.

Chinese enterprises are involved in several big national projects in Israel, including the construction of the first Tel Aviv Light Rail and the Ashdod Harbour, said Katz, who noted that the Chinese enterprises doing investments in Israel are now enjoying a sound relationship with their Israeli partners.

Chinese banks, especially the listed ones, are actively exploring alternative financing channels to improve their capital management capabilities and promote the efficient use of capital.