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Data from international financial transaction agency SWIFT showed that about 1.66 percent of global payments processed in January were yuan-denominated, edging up slightly from the previous month but still lower than a record high of over 2 percent.

Daniel York Loh, an actor and writer who is among the letter’s signatories, said it is an unacceptable situation and added that there is plenty of British East Asian talent.

Decoupling from the global industrial and supply chain is not a good prescription for dealing with the effects of COVID-19, particularly as China will demonstrate higher efficiency, better services and a sound business environment to further support global economic cooperation, senior officials and experts said.

Data from IntelliCredit, a Beijing-based credit information service provider, show that about 81 percent of applicants for cash loans, a type of small consumer loan, borrowed from multiple lenders for four to 10 times on average.

DeepBlue Tech opened its European headquarters in Luxembourg last year, and established three joint laboratories with the National Laboratory of Luxembourg, covering self-driving, intelligent manufacturing, and data and financial security.