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Another financial giant, Bridgewater Associates, has announced that it has been granted a Private Securities Investment Fund Manager license from AMAC. The license will allow the firm to develop and market investment products to investors in China.

Another trend Renjen has noticed is how rapidly China is becoming a technology hub, evolving from its role as a manufacturing powerhouse, a transition which he believes will deliver outstanding opportunities.

Anne Ruan, who runs the Ningbo Orange Packaging Co, a paper products business in Zhejiang, whose output includes items for use at parties, saw overseas orders valued at million canceled in the first quarter. Before the pandemic, her company's annual exports were worth about million.

Apart from ensuring grain security and tackling environmental issues in the area of agriculture, China has to feed a growing and increasingly wealthy population who demand better and more nutritious food, he said.

Anta group released its 2019 fiscal report on March 24, 2020. [Photo provided to chinadaily.com.cn]