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But Yu also warned about a possible change as China may open the credit rating market to foreign agencies like Moody's, based on a recent top-level agreement between China and the United States.

But not everyone is happy.

But now tariffs have made China's garlic, most of which is produced in East China's Shandong province, more expensive for US importers. The levies were increased from 10 to 25 percent on May 9, as the US raised tariffs on 0 billion of Chinese goods.

But as Chinese companies shift toward virtual and remote activities for their operations, cybersecurity criminals are also creating new tactics to attack organizations. To confront the challenges, IBM came up with cybersecurity solution and services to help its clients in security risk assessment, privacy compliance analysis and cyber protection.

But he also acknowledged that some large private companies had developed investment risks and gone bankrupt because they had borrowed money fraudulently and used it to participate in risky ventures, creating problems for society and the economy.