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Anchored in Shanghai, the company's China unit also manufactures appliances, and ships industrial parts from its Shanghai factory to its global networks, including economies related to the Belt and Road Initiative.

Analyzing the data, the 21st Century Economic Research Institute concluded that the impact of the COVID-19 epidemic on the economic development of western China gradually eased.

And, Saman Pouyanmehr, from Iran, founder and CEO of the GFYE and a recent graduate of the UIBE with a major in finance, said: "China is a unique country that offers unique opportunities and values to entrepreneurs for realizing their goals. I'm very happy that I'm in China at the same time that the Belt and Road Initiative is growing. China soon will be an influential country in the digital economy era through integration of Chinese and foreign talents, and also by introducing world-class startups. The biggest opportunities for entrepreneurs are here."

Analysts said Hong Kong will become an even more attractive fund-raising market for businesses in the area where the technology and innovation sector is growing in an unprecedented pace.

And although efforts to "flatten the curve" — reduce the growth rate of infections — have been successful on a national level, there are still 15 states where the number of cases is still rising, one more than the number of states where new cases are decreasing.