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"Driven by potential benefits and preferential policies, some real estate developers, insurers and enterprises with diversified operations as well as a number of foreign companies have set about deploying aged care projects in China," the report said.

"Despite signs of recovery in the second quarter of 2020, the market took a wait-and-see approach in pursuing PE/VC deals," said Wilson Chow, PwC global TMT industry leader.

"During my absence, Samdech Say Chhum, president of the Senate, will assume the title of the acting Head of State of the Kingdom of Cambodia," he said.

"Dumplings, glutinous rice balls and traditional Chinese rice-pudding, they witness the highest amount of sales during festivals, around Spring Festival, Lantern Festival and Dragon Boat Festival, respectively."

"Even if some companies wanted to move out of China, investment plans have been significantly scaled back because of the pandemic," he said.