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BYD has been developing batteries for electric vehicles since 1995. Its newly-unveiled blade-shaped battery is low cost, safe and has high mileage, according to the company.

Banking experts suspect that the exclusive access to some cleaning-up methods, such as debt-for-equity swaps — a scheme that let lenders become shareholders in an attempt to put troubled companies back on track through management restructuring — has also contributed to SOCBs' declining NPLs.

Bahar predicts this forecasted growth will be driven by two factors: "One is some of the delayed projects due to COVID-19 and policies enabling those projects to become operational late, to come online," he said.

Baidu Inc, for instance, has recently invested in a US-based company developing an integrated photonics chip, which focuses on different AI models and applications to Optalysys.

Bai said she is very supportive of waste sorting.