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"Given that Taiwan leader Tsai Ing-wen and her party are now explicitly seeking better relations with the US, Beijing needs to be on high alert for US interactions with Taiwan," Zhu said.

"Having successfully managed the effects of the COVID-19 pandemic with the support of the Chinese authorities, Nestle has decided to increase its investments in China which is another clear demonstration of our long-term commitment and confidence in the country," said Rashid Qureshi, chairman and CEO of Nestle Greater China Region. The company announced new investments of over 730 million yuan to enhance its product portfolio in late May.

"Foxconn is not just a contract manufacturer of electronic devices, but also engaged in the design and production of some precision elements in the supply chain sector. It has also accumulated experience and strength in intelligent manufacturing," said James Yan, research director at Counterpoint Technology Market Research.

"For deposits, Yu'ebao has appeared; for loans, there are numerous companies such as Ant Financial Service Group and JD.com; for payment, there are Alipay and WeChat Pay; for financing, crowd-funding has already drawn lots of attention; and furthermore, Fintech will overturn the insurance sector in a more 'ferocious' way," Zhu, also chair of the National Institute of Financial Research, Tsinghua University, told participants.

"Given its recent track record, that remains to be seen," he said.