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Ant Financial is among a handful of companies that carry out social credit rating in the private sector. Higher credit ratings usually confer privileges such as more convenient borrowing at local libraries, waived deposits at some hotels and expedited airport security checks.

Antonio Villafranca, research coordinator and co-head of the Europe and Global Governance Centre, Italian Institute for International Political Studies, speaks via video at the Global Think Tank Webinar -"Stronger together: Global recovery from COVID-19" in Beijing on July 29, 2020. [Photo by Feng Yongbin/China Daily]

Apart from hosting the four major events in China, Xi will attend the BRICS Summit in South Africa, the APEC Economic Leaders' Meeting in Papua New Guinea and the G20 Summit in Argentina this year, Wang said.

Ano said on Tuesday that martial law should continue in the region, saying there are still extremist groups operating in the southern Philippines.

Apart from the scene-stealing manufacturing investment, the services sector, which accounts for roughly 70 percent of Shanghai's GDP, ebbed 2.7 percent to 609.6 billion yuan, thanks to technology empowerment to help many businesses weather the storm.