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Any act that endangers national security will be seriously punished without regard for external opinions, it said, adding that US attempts to block the law's implementation will never succeed.

Another case in point is the Development Bank of Singapore's launch of a digital curriculum called DigiFY, which equips employees with the seven core skills necessary to navigate the digital economy. Meanwhile, it has also introduced an artificial intelligence e-learning platform that facilitates learning anywhere, anytime, and is tailored to individual learning goals, so that they can learn with pleasure.

Another 45 percent of the Chinese companies interviewed believe their income will increase between 6 and 10 percent this year.

Ant Financial Services Group, Alibaba's financial arm, also struck deals earlier this year to back Pakistan's fintech firm Telenor Microfinance Bank, as well as team up with Bangladesh's payment platform bKash.

Another forestry project, covering 7 sq km, will start by the end of the year.