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"China is expected to become the largest 5G market in the future, and is playing an increasingly important role in the globalized development of Qualcomm," said Qualcomm China Chairman Meng Pu.
"But, China has been facing an asset shortage problem since 2015 in terms of high-return and low-risk products," notes Sun, adding that developing competitive and innovative products with stable returns and low risks, plus educating investors, are crucial for asset management companies.
"By adopting the ban, China plans to change the current global structure in the division of work, eradicating its role as a dumping ground for leftovers from developed countries, which has grown in the past 30 years," Xue said.
"China has more than 100 million market entities and about 1.4 billion people. There is a huge market behind the improvement in public livelihood and the upgrading of consumption," he said.
"China is a country with a high savings rate, which currently stands at 46 percent, and the large amount of savings is transformed through banks into corporate loans, which is likely to drive up the leverage ratio."
