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"China was opening-up and I thought that it would become extremely open one day. I knew it was the right time to go to China," he recalled.

"China still has the best production supply chain of anybody in the world, and as it turned out, they were able to tackle the pandemic faster and more efficiently than anybody else," he said.

"Compared with the older generation, they are more willing to pay for convenience, entertainment, mental stimulation, companionship and education that will benefit their future careers."

"Computer vision technologies are being increasingly used in the security and surveillance sector. And its use in smart retail, such as face-recognition-enabled payments, is also very fast. China excels in applying cutting-edge technologies to daily consumption scenarios," Song added.

"China's performance indicates that the torrents of merger and acquisition activities aiming to forge globally influential conglomerates are starting to pay off," said Jiang Qingyun, a business professor at Fudan University's School of Management. "It's a natural reflection of the country's overall economic status."