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As confirmed global COVID-19 cases exceeded 6 million as of May 31 with over 368,000 deaths, the pandemic has placed great pressure on the company's overseas operations. Yet it has withstood the challenge thanks to effective preventive measures, said Xiang Jian, a CTCE information official.

As a result of the turmoil, Westpac Bank's share price fell 3.37 percent and is now valued at 25.66 Australian dollars (.49) per share as of 15:30 pm local time.

As emerging economies, China and Turkey have been vital partners for each other, Li said. The premier said President Xi Jinping met with Turkish President Recep Tayyip Erdogan on Friday on the sidelines of the G20 Leaders' Summit in Buenos Aires, Argentina.

As global financial markets become more interconnected, there is no singular banking institution that can deal with all of the issues within the local financial sector. Meanwhile, China's financial markets have become more open to international standards. This requires local financial institutions to understand how the rest of the world manages financial risks, said Apostolik.

As a result, subsidies will be offered to EV charging operators that are commercially viable and able to guarantee a minimum usage and will no longer be easily available for electric vehicle charging infrastructure makers, Lin said.