Simon also speaks with someone from a global investment bank about how Amazon had a higher valuation than some longstanding retailers, and wonders if the company could impact the shopping mall.
Since China joined the WTO in 2001, the country has substantially cut government subsidies and tariffs, making the domestic pricing system more compliant with international standards, said Zhou, who is vice-chairman of the Boao Forum for Asia, which officially kicks off on Thursday.
Shortly after entering the US market, ProteoSense, a Columbus, Ohio-based ag-tech startup, is looking at China as a target market for international expansion.
Since August, visas for both individual and group tours to Macao from the Chinese mainland are being restored in phases, as the country sees flattened curves in COVID-19 cases.
Since 2008, China has signed currency swap agreements with more than 30 countries and regions, among which 22 are in the Belt and Road Initiative, according to Zhou.
Shooting a minute or two of mobile phone videos on the move has become a new trend among Chinese travellers, the report said.
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Silicon Valley is the second stop of the weeklong road show, which started on May 14 in Tokyo and will conclude on May 21 in New York.
Since April 1, the 10-year treasury yields went up by 24.5 basis points to 3.325 percent as of Friday. When bond yields go up, prices go down.
Since 2013, the Chinese government has launched over 170 campaigns to prevent fake products, while more than 1.3 million cases have been handled and nearly 100,000 people jailed. The intellectual property courts set up in Beijing, Shanghai and Guangzhou in 2014 have dealt with nearly 40,000 cases.
Shi Bin, its lead portfolio manager in China, said the rally in A shares and H shares is well supported by fundamentals. "China is one of world's largest and fastest-growing economies, with an increasing number of (Chinese) enterprises enjoying an advantage in the global competition."