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Wang Tao, chief China economist at UBS AG in Hong Kong, said that the government's recent measures, including the RRR cut and initiatives to bring forward more local government bond issuance, should help to support total social financing growth to rebound in the rest of the year.

Wang said the key to a successful relationship is to maintain mutual respect and non-interference in each other's internal affairs as well as abide by other international norms, urging Germany to fulfill its commitments with concrete actions.

Wang elaborated several basic principles to stick to: firmly safeguarding national security; upholding and improving "one country, two systems"; adhering to governing Hong Kong in accordance with the law; resolutely opposing external interference; and substantially safeguarding the legitimate rights and interests of Hong Kong people.

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Wang noted a series of investments also showcase the social responsibility of those tech and retail powerhouses. There was a shortage of technology applications in governance and lack of modern retail supply during the epidemic so this represents huge business opportunities for the tech and retail giants.

Wang cooperated with renowned global material suppliers and launched Baiyao's own version of band-aid products that can prevent bleeding. By 2008, Baiyao started to top in market shares of the domestic band-aid segment.

Wang said it also reflected how different cultures come together. For example, the Qing emperors, who were from the Manchu ethnic group, introduced elements of their ethnic culture to the Forbidden City. Some buildings also have a combination of Chinese and Western fine arts.

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Wang also urged his members to actively put forward their valuable proposals for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and Guangdong’s free trade zones, which include Nansha, Qianhai and Hengqin, located in Guangzhou, Shenzhen and Zhuhai respectively.

Wang Zhibing, another chief engineer, said the company processed more than 400,000 cubic meters of excavated rock and used it in construction.

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Wang said he also expects supportive policies from the government, such as a waiver in movie special funds, a fee charging cinemas in China at about 5 percent of their box office intake and given to related departments under the National Radio and Television Administration.

Wang also pointed out a number of factors in favor of establishing a business here: Firstly, Latvia is situated in the very center of the Eurasian continent, close to Europe, Commonwealth of Independent States, Middle Eastern and North African countries, ensuring fast delivery. Secondly, Latvia is an European Union member, which allows for smooth shipping to Europe. Thirdly, labor costs in Latvia are comparatively low, while employees are highly educated and very friendly.