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As the Malaysian government is targeting to penetrate the Chinese market by exporting more durians, Lee sees the need to tap the opportunity.

As the US dollar is still facing depreciation pressure, Sheng said the COVID-19 epidemic recovery offers an opportunity to accelerate yuan internationalization as several foreign investors are searching for financial products with steady value to avoid foreign exchange fluctuations. China, one of the countries that has controlled the pandemic at an early stage, has shown resilience in its economic recovery and the same will help strengthen its currency, he said.

As the Chinese currency -- the yuan -- is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by a trade surplus and foreign investment in the country, adding funds to the money market.

As reported by Reuters, the latest evidence revealed to the public includes messages the female student wrote on WeChat, a popular Chinese messaging application.

As there are competitors from home and abroad, Henschel said that the company's global outlook will help facilitate Chinese companies' future expansion.