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"Chinese companies did not lose interest in the US. What happened is that the US government's security review system has made Chinese investment in any form of technology company virtually impossible," Steve Dickinson, an attorney with international law firm Harris Bricken, said in a blog post.

"Construction on our production facility started on April 15, 2019 and a plant of 3,600 square meters was completed on March 30 this year,"Peng said.

"China's strong performance on the Midas List demonstrates that the country is continuing to produce a number of high-growth and highly-valued companies. While sometimes unknown in the US, these businesses can become globally significant, such as with Bytedance, the owner of popular app TikTok (known as Douyin in China), and they generate returns any venture capitalist would desire," added Konrad.

"China's progress has greatly benefited the world because China has adhered to the coexistence principle," he said.

"China used to lag behind those developed countries in terms of participating in the global competition (for infrastructure projects). And now we need to ramp up the efforts to target overseas markets and learn from leading countries."