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"For example, everyone living in a city spends hours in traffic every day. So, Ping An uses technology to improve the traffic situation. Using artificial intelligence, we increased the traffic speed in cities by 30 percent to 50 percent. In the healthcare sector, our AI-enabled technologies help doctors to improve their medical ability and reduces misdiagnosis rates," Tan said.

"Generally, the number of tourists allowed on a glass walkway is far less than the design limit," said Li Yunsheng, an engineering teacher at Shijiazhuang Tiedao University, who helped draft the standards.

"Following the COVID-19 outbreak, financial conditions tightened at unprecedented speed, exposing some 'cracks' in global financial markets," the IMF said in its newly-released Global Financial Stability Report, noting market volatility spiked, borrowing costs surged and signs of strain emerged in major funding markets.

"Government regulations covering the pet industry, including scrutiny of food and medicine safety, are becoming more mature, which is very helpful for the development of companies like ours," Tang said.

"Growth of shadow banking assets will remain constrained in 2018 due to tight regulations. These include banks' off-balance sheet wealth management products and asset management products originated by non-bank financial institutions, which were the fastest-growing shadow banking products in 2015. Trust loans and entrusted loans, the remaining growth driver in 2017, are also under regulators' spotlight," said global credit ratings agency Moody's in its Quarterly China Shadow Banking Monitor report issued in May.