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And Chinese people use the tradition to celebrate Guyu (which usually begins around April 20) to pay tribute to Cangjie, a mythical figure who is presumed to have invented Chinese characters about 5,000 years ago.
Analysts suggested more mergers and acquisitions are going to take place in the sector in the coming three to five years.
And with China's deeper engagement with other countries, companies are seeking new opportunities in the global market. The Belt and Road Initiative, proposed by China in 2013, is one strategy in which businesses see huge potential.
Angel Saz-Carranza, director of Spain's ESADE Center for Global Economy and Geopolitics, agreed and added that better BRI connectivity could also benefit Spanish companies wanting to export their renewable energy technology, and also boost Spain's tourism sector.
Andrew Norton, a professor of higher education policy at Australian National University in Canberra, said international collaboration was vital for Australia, since it could never compete with the vast research resources of countries such as China and the US. He said Australia relies on international research.
来源：资阳报