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"By exposing Cathay to healthcare and us to innovation in a global context, such an investment will be beneficial to us in the future."

"China market has bounced back from the impact of COVID-19 better and faster than we have expected, which provides huge opportunities for us. China market is now expected to be our fastest growing overseas market," added Hitchcock.

"China and Argentina already have a rich history of cooperation in astronomy, starting in the early 1990s," he said, noting that the two countries jointly built a satellite laser ranging system in 2006 and a fixed global positioning system station in 2011.

"By integrating the advantages of the socialist system and market economy, China can fully unleash the vitality of the market and at the same time ensure stable operation of the economy to avert economic crises," He Zili, a professor at Nankai University School of Economics, wrote in an article.

"China has always encouraged overseas investment, but more needs to be done to ensure it occurs in a more rational manner," said Pan Gongsheng, head of the State Administration of Foreign Exchange.