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Confucius Institutes is another highlight. Across the UK, there are 29 Confucius Institutes and 148 Confucius Classrooms, with a total of over 160 thousand registered students.

Co-working space operators such as WeWork are facing increasing competition in the booming sector, and it's not just fellow service providers like Regus that are a threat to their market share — even property developers are getting in on the action.

Cohen also said Snow Joe is not aware of "any instances of Chinese intellectual property theft" with respect to the products made in China for his company.

Comprehensive transformation is imperative for Chinese securities firms, as their performance slumped significantly last year due to following outdated business models, according to a report from global consulting firm McKinsey and Co.

Colombia's economy is poised for better performance in the second half of the year, after conservative candidate Ivan Duque won the presidential runoff on June 17, said Casarin.