Such expenditures present merchants and tourist attractions with a huge opportunity to tap into growing spending. WeChat Pay, China's leading mobile payment supplier, developed by Tencent, has recently teamed up with Paris-based department store Le BHV Marais as part of its efforts to help European businesses connect with Chinese tourists.
Su said Kuaishou's ultimate goal, however, is not to commercialize the platform totally. "However, excellent commercialization programs will make us strengthen team building, hire more talent, and optimize our products."
Su has been studying the phenomenon and shared her findings at a seminar held by East China University of Political Science and Law in October.
Su Quanli, deputy administrator of the National Railway Administration, said the government would build an efficient communication platform with related parties to reach these deals and help negotiate the prices for international block train services in foreign markets for Chinese companies, as well as improve the efficiency of customs clearance and enhance transport security.
Such cooperation is not all that can be expected from the coproduction treaty. Chinese mainland producers and TV networks want not only to buy and adapt foreign shows, but to ensure that China becomes a key player in providing original TV productions around the world.
Steven Sun, head of research at HSBC Qianhai Securities, said he believes corporate governance is the biggest concern among international investors looking to buy A shares.
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Steven Barnett, the International Monetary Fund's senior resident representative in China, expected a V-shaped recovery after a large fallout, but rising unemployment and stressed property developer funding may pose further risks to growth.
Such a regulation, known as a "two-pillar" policy framework, was established in 2017 to better dissolve systemic risk and ensure financial stability. Under the system, liquidity has becomes more stable, cross-border capital flow more balanced and off-balance sheet wealth management products better supervised.
Strolling down the century-old Central Pedestrian Street in Harbin, tourists cannot miss the Russian restaurant or the remarkable story of its owner.
Such a strategy would allow them to benefit from high nominal and real income, as well as potential capital appreciation, he said.