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"China is rapidly globalizing its industries by encouraging its higher-value-adding industries, such as power generation, construction equipment, and telecommunications systems, to supply overseas projects in the Belt and Road Initiative and to invest in foreign market operations," it said.

"By doing that, we are opening the door for the smaller customers in China that cannot have access to foreign currency to buy iron ore," he said.

"China is already a key development partner of South Sudan. With South Sudan entering a period of relative peace after the signing of the September 2018 peace agreement, I expect China will assist us in the construction of roads, bridges and damaged oil pipelines," Morgan said.

"Buying appropriate Christmas gifts is also a difficult annual task for Westerners," he said. "And with the concept of a market economy getting into more and more Chinese minds, bigger and thicker red packets are just something that come naturally. After all, it's easier for people to measure the value of the gift if it comes in cash."

"China has entered a phase of increasing expansion in consumption and imports," said Sean Chiao, president of AECOM Asia-Pacific.