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"Currently, our director and our executive team are in discussion with the Chinese right now, working out for a future research permit at this time," she added.

"China's industrial upgrade was inevitable," said Feng. "Even though many people these days are saying that manufacturing is shifting outward, this is a positive signal, because China's development has reached a certain level and it is reasonable to conduct international industrial capacity cooperation."

"Companies cannot live without global supply chains as more than 50 percent of the international trade is between supply chains," he said.

"China's official rejection of the existence of the 'median line' will shatter the illusion that the PLA does not have the capability or the will to conduct routine exercises in the region and reunify the country by force," he said.

"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.