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The inaugural event of Vision China, a series of talks organized by China Daily, was held at the University of International Business and Economics on Monday evening.

The images bothered her: "They are definitely not expressions of happiness. She is less cheerful than before the pandemic."

The initiative, which comprises the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, was proposed by China in 2013 with the aim of building a trade, investment and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient trade routes.

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The injection saw a net 40 billion yuan pumped into the market Monday, offset by 110 billion yuan in maturing reverse repos. This came after a net injection of 90 billion yuan Friday and 20 billion yuan Thursday.

The industry composition of Chinese investment has also shifted notably in the first half of this year in both Europe and North America, according to the report. Sectors including automotive, health and biotech, and consumer products and services became the top recipients of Chinese foreign direct investment in both regions. The real estate and hospitality sector lost its top spot but still remained a sizeable attractor of Chinese capital.

The hyper connected region forms a super cluster, with each city focusing on a major area: Hong Kong on fintech, Shenzhen on electronics and IoT, Guangzhou on auto and fashion and Tech and Macau on gaming and virtual reality.

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The infant formula uses milk produced in New Zealand and became available to Chinese consumers on cross-border e-commerce platforms seven months ago, with the product witnessing substantial growth, according to Steve Dunn, founder and CEO of Munchkin.

The infrastructure connectivity in the area has been significantly improved, said Lin, mentioning the Hong Kong-Zhuhai-Macao Bridge as a model project of the Greater Bay Area.

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The industrial complex was formally established in 2007, cashing in on the Chinese government's strong support for domestic companies to "go global" since 2006, as well as the BRI, which was mooted by President Xi Jinping in 2013. Many Chinese enterprises have since invested in Thailand, starting up factories or other businesses at Rayong - a city on the east coast of the Gulf of Thailand that's famed for its tranquil beaches and seafood.

The initiative covers 60 percent of world population and one third of the world GDP of about trillion. The cooperation priorities are policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds.