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As one of NDB's five founding members, Brazil has thus far invested billion in the bank and should double its contribution by 2022.

As of June 30, the non-performing loan balance of Agricultural Bank of China Ltd declined by 8.1 billion yuan (.2 billion) from the beginning of this year to 185.9 billion yuan. Its NPL ratio dropped by 19 basis points to 1.62 percent.

As part of the collaboration, Panacea Biotec will be responsible for product development and commercial manufacturing, with the Joint Venture undertaking clinical development and regulatory submissions across the World. Both Panacea and Refana will undertake sales and distribution of the vaccine in their respective territories, the statement said.

As one of the most breathtaking examples, Litton cited the court case in November 2019 concerning face-covering. Two High Court judges ruled the Emergency Regulations Ordinance, invoked to introduce the anti-mask law, was incompatible with the new "constitutional order" established after June 1997 for Hong Kong.

As multinationals bothered by tariff barriers are seeking to rejig their supply chains, analysts say a reliable policy environment, huge market demand, and broader market access are consolidating China's strength in the global competition for foreign investment.