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Amish Vyas, who got his doctor of medicine degree from Wenzhou Medical University in 2013, said he was drawn to China by its extensive cultural heritage.

Amazon’s Kindle lineup just made its debut in the world’s most populous nation.

Ambiguity aside, Chinese firms still consider listing on a US exchange highly attractive and as vindication of years of toiling and perfecting a commercially viable business model and product. The US still possesses the broadest and deepest capital markets in the world, which allows firms to access a truly diversified investor base.

Among the top 500 private enterprises, manufacturing firms took the lead by accounting for 57.6 percent of the total. More than 164 companies came from the tertiary industry and they contribute 36.34 percent of the total revenue of those 500 firms.

Amid a volatile international situation and a raging global pandemic, Hong Kong needs to adjust its strategy to better align with the country's development plans, Chan said.