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And this is on top of UK's 393,000 Chinese residents and 95,000 Chinese students, according to statistics from the UK Council for International Student Affairs, who constitute a sizable population that are already comfortable with the payment app.

Analysts said that despite the contraction in the global economy, Chinese enterprises' ODI will not only contribute to host economies' taxation and employment in the short term, but also help to sustain market confidence to support their long-term economic development.

Analysts from Essence Securities said in a note that the A-share market is approaching the tipping point at which it transitions from a bear market to a bull market. Although the price earnings ratio has been up from that registered at the end of last year, most of the industries are still undervalued. Therefore, there is still room for further pickup of A shares in the long term.

Analysts expect this move to benefit companies across the country.

Animal husbandry, a traditional source of income, has been boosted by the Runze Breeding Co, i