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As Chinese healthcare reform continuously deepens and the business environment continues to improve, the Chinese government has introduced a series of measures to encourage innovation, improve quality and efficiency and strengthen the protection of intellectual property, which have created opportunities for all pharmaceutical companies and have boosted their confidence in investing in China, according to Zhou.

Around 50,000 foreigners mostly from Russian-speaking countries and northern Europe and some from Canada, the United States, Turkey and Iran－have received high-end tailored TCM therapies that eased or cured their illnesses, while traveling in Sanya since the healthcare tourism effort began in 2002, according to statistics from the hospital.

Argentine President Mauricio Macri (R) shakes hands with World Bank President Jim Yong Kim, after a joint press conference at the Presidential Country House, in Olivos city, 15km from Buenos Aires, Argentina, on Aug 17, 2017. [Photo/Xinhua]

Around 110 to 150 companies are expected to go public on the A-share market in 2019, the China Securities Journal cited the report as predicting.

As China further implements the Belt and Road Initiative, some large domestic payment processing companies have realized the importance of business expansion overseas. They will help promote the international use of the renminbi through the internationalization of payments services, he said.