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China has the world's largest currency reserve, which rose for a sixth month in July to hit .1 trillion, increasing .9 billion from a month earlier, according to the central bank.

China included the development of hydrogen stations for new energy vehicles for the first time last year in its Government Work Report. This was a result of the government's endorsement of hydrogen stations and the country then sold 2,737 hydrogen fuel-cell vehicles in 2019, up 79 percent year-on-year.

China is WPP's fourth-largest market by revenue. Bringing Chinese shareholders directly into the company would be a further step toward localizing its operations in a nation that is pioneering some of the world's best digital marketing practices, said an advertising veteran in China, who wished to remain anonymous.

China has tools and confidence to deal with risks and stabilize employment, Meng said.

China is unlikely to have fund