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Andrew Mattock, a portfolio manager at Matthews Asia who manages the firm's China strategy, said US-listed China stocks were down on average more than 30 percent at the end of 2018.

An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.

And judging from the warm welcome Xi received in Naypyidaw, capital of Myanmar, on Friday, the paukphaw friendship between the two sides looks set to write a new chapter in bilateral relations.

And though still unproven, COMAC could be the single biggest rival over the coming decades to the dominance of Boeing and Airbus, both in China's own huge aviation market and, longer-term, overseas.

And now he's done just that. Located in the capital's embassy area, 300 meters away from Liangmaqiao subway station, Liu's new market project, Hello Mart, is an artistically designed 7,000-square-meter indoor retail space offering a little bit of everything necessary for daily life.