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Apart from the streamlined application process, authorities will attempt to make the transformation attractive by dangling benefits before hybrid facilities, including tax breaks equivalent to nonprofits and priority in land use.

Apart from companies that already have a large number of ANDA approvals－such as Shanghai Fosun Pharmaceutical Group Co Ltd and Jiangsu province-based Novast Laboratories Ltd－an increasing number of Chinese companies are strengthening their presence as they go global and win ANDA approval.

Another distributor, Well Go USA Entertainment, has released 14 Chinese-language films in 2019, doubling its North American box office from 2018's .01 million to .84 million as of Saturday. The company released only nine Chinese-language films last year.

Another 8 million metric tons of plastic waste, including plastic bottles, bags, toys and other items, flow annually into the ocean from beaches, rivers and creeks, according to experts.

Apart from the mature market abroad, CIMC Enric also expects the acquisition to help the company strengthen its position in the growing Chinese market, as CIMC Enric believes the growth pace of craft beer in China will remain at 40 percent each year, although currently the business only occupies 1 percent of the domestic market.