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Analysts see their issuance as key means of fueling investment and boosting growth

Ang Ziyu (left) pays for food as part of a life skills training activity organized for visually impaired students at a mall in Shanghai on Aug 14, 2020. [Photo/Xinhua]

An said Lynk & Co will enter Europe using Volvo's resources. The first model to hit the European market will be made in East China's Zhejiang province.

And Gates has been lauding China's energy innovation. "China already is one of the world leaders in renewable energy," he said, noting that China's massive investment in renewable power sources will "pay off handsomely" for the country and as a "long-term global business opportunity."

Andre Balazs, the noted hotelier who founded the Standard brand, still owns 20 percent of Standard International.