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Chinese passengers pose for photographs at London's Heathrow Airport, after the direct air route opened on Monday between Xi'an, Northwest China's Shaanxi province, and London. [Photo/CHINA NEWS SERVICE]
Chinese human resources staff are more tech-savvy than their Western counterparts as many have begun or are willing to use big data, artificial intelligence and other new technology to aid recruitment, according to the report.
Chinese investors have set up several industrial parks across the east African country. China is also financing major infrastructure projects such as the Karuma and Isimba hydropower plants, and the expansion of Entebbe International Airport, the country's gateway to the rest of the world.
Chinese financial assets, especially currency and government bond markets, emerged from the pandemic with "characteristics of a safe haven," said Nakhjavani, noting the relative stability of yuan, continuous rise of foreign demand for government bonds and more capital inflows into Chinese stock markets.
Chinese consumers are expected to contribute 41 percent to the global luxury goods market by 2025, up 8 percentage points from last year, as more young consumers are willing to pay for exclusive products amid the country's consumption upgrading and digital marketing boom, experts said.