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Andrew Frye, president of APAC at Baxter and senior vice-president of the company, said China is an "exciting" market.

An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.

Andreas Pinkwart, the state's economic minister, said in this year's video that the Year of the Rat represents qualities of reliability and persistence, and the ability to turn the unfavorable situation into a favorable one.

And by 2022, six years from now, the online retail giant could take up?close to?12 million square feet across?40 buildings in Seattle.

Andrew Yang, candidate for the Democratic presidential nomination, addresses a campaign rally at Seattle’s Gas Works Park Friday evening. (GeekWire Photo / Todd Bishop)