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Andrew Monk, CEO of VSA Capital Plc, a London-based investment bank with a subsidiary in Shanghai, said from his observations most of China’s outbound deals along the Belt and Road countries fit into China's strategic development.

Analysts said the cooperation will extend a helping hand to the joint venture as well.

And the increasing expenditure goes to more sophisticated and experiential activities, according to a report by consultancy Oliver Wyman, which showcased that overall trip spending surged against a precarious drop dedicated to shopping when the Chinese travel overseas last year.

Anderson Economic Group estimates union workers have lost a combined 0 million in wages, which could lead many families to cut back spending.

And CRRC has great cost advantages in product development and production, based on its rich experience in China's large domestic market.