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Big fast-food chains also face a tough road ahead, according to a report by S&P Global. It found the likelihood that some of the country's largest publicly traded companies could default has gone up. To default means that they will not be able to pay debts within the next year based on fluctuations in the company's share price due to a lack of business.

Big names on the list of investors are FAW Group, Dongfeng Motor Corporation, Chongqing Changan Automobile, China Mobile, China Unicom as well as ride-sharing giant Didi Chuxing's parent company Beijing Xiaoju Technology, said Shanghai Baolong Automotive Corporation in its filing to the Shanghai Stock Exchange on Wednesday.

Both domestic and foreign companies are expected to enjoy more tax preferential policies for the Belt and Road economies, after eight more bilateral tax treaties are signed this year, officials with the nation's top taxation administration said.

Both Morrison and Albanese's personal approval ratings improved from the previous poll but the latest edition went deeper on each leader's attributes.

Born in the 1980s and a graduate of the Chinese University of Hong Kong in 2011, majoring in mechanical engineering and business administration, Li had always dreamed of starting his own business. As the first step, he had set up an advertising company before getting Gritus off the ground.