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As a pioneer in pursuing international capacity cooperation, Hebei-based HBIS Group Co Ltd, one of China's largest iron and steel manufacturers, has invested in more than 70 enterprises across the world, with combined overseas assets amounting to billion, according to the company.

As high-end brands like Moncler and Canada Goose enjoy a growing customer bas

As an export-based company, BHP champions international cooperation and has previously lent its support to the China-proposed Belt and Road Initiative that aims to improve land and sea trade routes to promote growth and prosperity around the world.

As a result of the government push, as well as better education, consumers are asking for more high-end, high-quality and healthier products. At the same time, China is getting ready not just to supply products for internal consumption, but also finished products to countries and regions related to the BRI.

As a 5,000-year-old civilisation that has famously contributed, among numerous ideas and innovations, the "four great inventions", a phrase coined by British sinologist Joseph Edkins to refer to paper-making, the compass, gunpowder and movable-type printing, China has continued to make major breakthroughs in innovation in modern times. Since the founding of the New China, especially since reform and opening up, China has contributed most notably artemisinin (anti-malaria medicine), synthetic insulin and hybrid rice, and is leading the world in the new round of scientific revolution featuring artificial intelligence, electric vehicles and 5G communication technology.