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Analysts said local investors are displaying growing enthusiasm for chip companies, as the importance of a globally competitive semiconductor industry is highlighted amid the US government's efforts to contain the rise of Chinese technology enterprises.

Angel Zhao, president of Alibaba Global Business Group, said that despite Rwanda having unique beauty and numerous tourism attractions, very few Chinese know about the country.

Andre Morgan, co-founder of Ruddy Morgan Films, told Xinhua, "The truth is that China has not focused on the American market, yet. Historically, the Chinese industry over the past 20 years has been very focused on rebuilding its domestic markets and production capabilities."

Analysts said government support for entrepreneurship and innovation has provided a major boost for tech firms and startups and allowed them to survive and thrive amid downward pressures on the broader economy. The performance of listed companies is considered a leading indicator of China's economy, which expanded steadily at 6.7 percent year-on-year in the first three quarters, well above the 6.5-percent annual target.

Analysis of eggs reveals high levels of hazardous chemicals toxic to humans