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"China will clean up existing laws and regulations that go against pre-establishment national treatment, while expediting the making of detailed regulations by the end of this year," Zhang said. Pre-establishment national treatment means foreign investors are treated the same as their domestic counterparts before and during the approval process.

"Chinese consumers have shown growing awareness of their health conditions since the outbreak of COVID-19 earlier this year, and they have indicated a higher recognition of TCM. Besides, the government is increasing its support of the TCM segment ahead of the country's Healthy China 2030 initiative," he said.

"Customers nowadays are different from before. What appeals to them is care, so Exeed stresses delivering excellent service for them," he said.

"Chinese parents are the most focused parents in the world and they are paying a lot of attention to the development of their kids. Most of them have a very positive attitude toward football and see it as a means to help their kids grow," he said.

"Chinese companies used to focus on generics, but now they have been building up R&D capabilities and many invest generously in innovative drugs."