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"Cooperation takes time. A good ground for cooperation is a level of transparency with the other companies and businesses," Honighaus said.

"Chinese customers have very deep trust in key opinion leaders (or KOLs) and this psychological bond can be partially explained by the pseudo-intimacy created by social media," she said. "Social media make you feel like influencers are friends as you know who they are in real life, thanks to the details of their daily lives shared through Weibo, WeChat and live streaming apps."

"Companies in this area were pioneers in answering the questions of corporate social responsibility, because of requests and demands from international brands. Today, the Greater Bay Area is still the most dynamic area where brands, suppliers, NGOs and industrial organizations are working proactively to continue making progress on sustainability issues, such as decent work culture, environmental protection, occupational safety and collective consultation," Anders Wollter, minister counselor and head of Centre for Corporate Social Responsibility of Embassy of Sweden in Beijing, said.

"China's cloud computing industry has been burgeoning in the past few years, maintaining a 30 percent average annual growth rate. Ningxia, as an important node of the Silk Road Economic Belt, has an obvious regional advantage of developing cloud computing and bid data," Sui Jing, deputy director of the information communication administration of the Ministry of Industry and Information Technology, said.

"Chinese banks' capital adequacy ratio is higher than the international minimum standard by two to three percentage points, meaning there is enough ammunition to fend off risks," said CBRC official Xiao Yuanqi.