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As the first offering of 5 billion yuan is a relatively small batch, the ministry feels no pressure on the market demand at the moment, and the influences from a weaker yuan could be limited, according to an official close to the matter.

As some drugs are being tested in clinical trials in South Korea and some, like niclosamide, are being further developed for trials, Kim said the next step for his team is to identify more drug candidates and to expand collaboration for their further development.

As such, governments on both sides of this relationship should work to reduce government regulations and barriers that inhibit both profitability and business growth, the report's executive summary concluded.

As the global economy is currently undergoing a rocky period of transition, China and Latin America are both tackling structural reforms to spur development, with shared goals and interests that go beyond mere trade.

As to traditional industry, Ma cited the example of Tencent's cooperation with Shenzhen China Star Optoelectronics Technology Co Ltd, a display panel maker. They developed an AI system to assist quality examination, which can shorten testing time to a hundredth of traditional method's and increase accuracy rate to above 90 percent.