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"Given the huge economic problems caused by the pandemic and the US-China trade war, it is imperative that the EU and China make progress toward an investment agreement," Fraser Cameron, director of the EU-China Center, a Brussels-based think tank, said on Tuesday.

"For financial institutions, the most difficult thing is trying to figure out how to get better returns from their investment, how to change their culture, people and their mindset. The softer side is much more difficult for larger financial institutions. It had faced the challenge before and it will continue to be a challenge."

"For many — and in our president's case — the resistance to wearing a mask is engendered by a white superiority complex to Asians," said Tang. "The concept of 'exceptionalism' is embedded in many Americans' minds, the idea that Americans are exceptional and better, and therefore we are immune and don't need anything to protect us.

"Given that the competition has just started, it does not mean that the Porsche Design Huawei Mate 10 will sell better than the iPhone X in the fourth quarter," he added.

"From the government's perspective, we pay more attention to its influence on financial services, monetary policy and financial stability," Wang said.