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"Governments can foster market-oriented development and broad-based growth by creating rules that help businesses launch, hire and expand," World Bank Group President David Malpass said. "Removing barriers facing entrepreneurs generates better jobs, more tax revenues and higher incomes, all of which are necessary to reduce poverty and raise living standards."

"Foreign phone makers, such as Apple Inc and Samsung, have always taken the lead in introducing new functions for smartphones, but now, domestic brands have risen to the occasion and won't just follow others anymore," says Zhang.

"Harbin cherishes the friendships with all former foreign residents," said Cao Ru, deputy director of Harbin Foreign and Overseas Affairs Office.

"From the perspective of business management, narrowing a sprawling business presence to key markets makes sense. It takes effort and resources to oversee teams in so many countries."

"Getting TikTok off Americans' phones can be done easily, since the app store market is a duopoly, Apple and Google. But the legal implications are much more complex," he said.