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Apart from Chinese investment, Lock's firm is looking to host road shows in South Korea and the Middle East later this year to rope in more investors.

Another dichotomy is the growing popularity of Chinese local brands versus their foreign peers. A poll by Bain ahead of this year's event suggested that roughly half of the respondents said they are fond of local brands, with just around 10 percent or so preferring foreign brands.

Another new exhibition "Encountering the Buddha," on view through October 2020, draws upon the Freer and Sackler collections of Buddhist art across several Asian countries and reveals how art and place are central to Buddhist understanding and teachings.

Another western province Guizhou, capitalizing on big data, the information industry and tourism, has emerged as another top-performer in economic development.

Any attempt to erect barriers and cut the close economic ties among countries "is a short-sighted approach and it is doomed to failure," he noted.