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Currently, Vivo's products and services are available in more than 30 countries and regions, with India being one of its key stops in the go-global journey. Vivo started exploring the opportunities in India in 2014, after gaining wide popularity on its home turf with strong offline retail channels and cutting-edge smartphones.

Credit risk refers to the possibility of a loss resulting from the borrower's failure to repay a loan or meet contractual obligations. It also refers to the risk that a lender may not receive the owed principal and interest, thereby resulting in strained cash flows and increased costs.

Cui disputed the notion that China is a kind of "revisionist country" and is trying to challenge international rules.

Currently, the nation's robotaxis are based on Level 4 autonomous driving, where a vehicle can run autonomously without human intervention in most cases. Autonomous driving is divided into six levels, 0 to 5.

Cusi said that he hopes the cooperation "can develop something that is good for everybody" and that the deal on oil and gas development cooperation will serve as a model for other countries in the region.