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And with China's drive to become an advanced manufacturing hub, the number of innovations from the country is likely to soar.
Analysts believe China's recent moves will bring in overseas capital, technologies and talent, which will likely help upgrade local industries.
Ancient spy drama attracts foreigners' attention
Analysts at GF Securities said that foreign securities firms in China have the advantage in areas including derivative trading, asset management and wealth management services over local players. But it is challenging for foreign firms to compete in the onshore securities brokerage and underwriting business in the short run given that they may face limited market channels and higher capital constraints.
Andrea Turco, RINA's senior director for the Asia-Pacific region, said the global economic slowdown and the contraction in the growth of the shipping industry worldwide has not affected its business in China, as almost all the shipyards he has visited in the country are "fully occupied".
