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Around that time, COVID-19 was raging around the world and Zhu was among those following the trend in reports of racism against Chinese linked to a pandemic that has gone on to kill almost 1.4 million worldwide. Zhu also believed many more incidents were going unreported, in line with people's experiences shared on Chinese social media platform WeChat.

As China's controls on real estate prices continue, some analysts are concerned that demand for many industrial products may soften, which would affect the sustainability of industrial profit growth.

Around 2.7 million people will benefit from the simplified procedures annually, saving them a total of 3 billion yuan (9 million). The new requirement will also save 7.8 million travelers to Hong Kong, Macao and Taiwan 9 billion yuan annually, according to the administration.

As China's middle-class population is on the rise, small but more expensive studios like Jin's are sprouting up across the country.

Arbache highlighted in particular the China-Brazil Fund for the Expansion of Productive Capacity set up in 2017 that will fund joint projects between the two countries.