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Apart from many developed countries' efforts to prevent a recession, the weak goods demand across the globe and the appreciation of the renminbi will create obstacles for Chinese manufacturers in shipping their products in the second half of this year, he added.

Another key interdependence is economic, and efforts must be made to prevent the pandemic from triggering a deep recession. China is known as both a manufacturer and major market globally, but it is also true that trade between China and ASEAN is larger than that with the US.

Another perk of studying at AMDA, said Wang, is the academy’s role as a platform for musical and film castings. He pointed out that professors at AMDA occasionally help students secure audition opportunities.

Apart from its print edition, China Daily Hong Kong has moved strongly forward in adopting media digitalization, embracing new media. It has established a fully-evolved system across all platforms including the print edition, website, multimedia, news apps and social media, and has made great strides in producing quality video content. In 2017, the Hong Kong Edition's video team earned an award for International Digital Innovation of the Year in the United Kingdom, along with the SOPA award for Excellence in Journalistic Innovation. In just the first six months of 2017, the digital component of China Daily Hong Kong has attracted more than 100 million views.

Another indicator of high-end consumption, according to Zhao, is the increase in purchases of imported commodities. This year, there is a huge demand for medium- and high-end consumer goods, so their imports will rise, she said.