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"China is key to our future growth as it currently represents a quarter of our portfolio. The opening of Fraser Place Binhai Tianjin is significant as it underlines our ambitions to grow our presence in China," said Choe Peng Sum, CEO of Frasers Hospitality.

"China has been one of the big funders of mining globally, including in Canada," he said. "If you look around the world, in the past few years, the real two big funders were China and private equity, while the traditional financiers' commercial banks were out of the market, so China was seen as a big source of alternative finance."

"Capital management at the core shows that the government's supervision over central SOEs has risen to a higher level," said Li Jin, chief researcher at the China Enterprise Research Institute,

"But such blackmailing and threats will not have any impact on China," he stressed.

"But the fact is, Chinese companies are investing very heavily in Hungary," he said. He added that Chinese, Japanese and Korean companies together accounted for 38 percent of new jobs created in 2019.