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"China plays an indispensable role in this process," Teng said.

"By far, Terminus has been operating its five existing projects in China, and the company will be able to see its global AI City network come into being once the final stage of the District 2020 project is finalized," Ai said.

"China for us is a relatively small part of our business so it really represents a significant opportunity. What we're working on is how to unlock that opportunity for us. So we saw a drop in the Chinese market for the first time in 30 years, something like that, last year. This year, I think they're going to be flat and they'll still be number one in the world," he said.

"China has a complete industrial chain and optimized economic structure, and is one of the fast-growing markets across the globe. The rigorous prevention and control measures domestically have facilitated economic recovery since the COVID-19 pandemic, which boosted the surge in domestic and foreign trade," Gu said.

"Cash flow problems are forcing some SMEs in property to sell off some of their projects, or offload equity stakes, and sometimes sell out totally."