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"Facing a market with so many uncertainties and domestic competitors that continue to grow stronger, foreign companies must increase their organizational agility in China," said Stephen Shih, a partner of global management consulting firm Bain & Company's Shanghai office.

"Despite the current situation, STEAM education is going to bring a revolution to the industry. Deep integration of education and technology will definitely be the trend."

"Distorted Humor is our best stallion ever," Elliott Walden, WinStar president and CEO, told the Ordos delegation, mostly municipal government officials and executives from Inner Mongolia Yitai Desert Star Horse Industries (YTDS).

"Egypt has experienced extraordinary GDP growth in recent years, with a burgeoning population of consumers, with soaring household incomes. The formation of the joint venture with Hoho is a move to respond to the increasing demands of local consumers, fueled by the economic growth," said Chang Dong, vice-president of Konka Group and president of Shenzhen Konka Electronic Technology Co Ltd, one of the group's subsidiaries.

"Despite the COVID-19 pandemic, we have seen explosive growth in online sales, especially through livestreaming channels," said Li.