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As the world's largest 5G and smartphone market, China has already made constant progress in telecommunication and electronics industries. A string of US tech firms, including Qualcomm and Apple, heavily rely on the China market for revenue and supply chains.
As the market size enlarges and early volatility fades, the STAR Market has the potential to attract high foreign participation in the long run, given the "impressive growth potential" shown by current STAR-listed firms, said Matt Weller, global head of market commentary at Gain Capital.
As urbanization further progresses and the population of the middle class further expands in China, China's consumption market scale will keep enlarging. "There are still huge growth potentials for US exports to China in the future," Xu added.
As the success of Pirelli's partnership with ChemChina shows, these initiatives are a great opportunity for selected investments and to open markets for Italian companies, he said.
As the channel sought to become more professional and accessible to Western audiences, Maher was soon asked to become a news anchor-making him the first non-Asian news anchor on a Chinese TV. But that did make him a bit nervous before he went to present his first news show for CCTV.