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"Foreign investments for the fourth quarter of 2019 were mainly driven by investments from China which accounted for 77.0 percent, followed by South Korea and the United States," the PSA said, adding China committed 86.3 billion pesos (roughly .7 billion) in the fourth quarter of 2019.

"First, their increasing manpower costs increase their cost of doing business in China. This may at first seem bad for China's competitiveness but, in the longer term, higher wages also mean that companies have a more productive, higher skilled labor pool to hire from," said Yu. "This would allow them to move up the value chain."

"Greenland has always recognized the importance of Ram's brewing legacy and safeguarding its heritage has been crucial to our development plans, from our approach to the design of the new homes through to our commercial ambitions for the site,"said Chris Daly, senior commercial manager of Greenland UK.

"From there on, everything depends on events that have yet to occur," he said.

"For those private enterprises with liquidity difficulties but promising prospects, the bank has helped them survive the credit crunch with innovative services and products," said Hong.