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Ant is duplicating its "Alipay model" overseas, inking a string of deals in the past two years with local firms across India, Thailand, Pakistan and Bangladesh to offer similar services for people with inadequate access to financial offerings.

Apart from the growth in nonperforming loans, the gradual expansion of liquidity risk exposure at non-financial companies and defaults on private placement bonds and credit bonds will also increase the supply of problematic assets, Shi said.

Appearing with the police chief in Milwaukee, Mayor Tom Barrett branded the s

Another unique trait of the firm is its profit-sharing approach. While most companies split profits based on work units, something he said promotes “silo thinking”, Gensler does so on a firm-wide basis. He said this makes offices in different countries more willing to share their clients, in turn fostering greater bonds within the Gensler family.

Apart from the tax and fee cut policies the authorities have rolled out, Tang expected increased government expenditure and infrastructure investment, especially in sectors of public health and new technologies such as 5G.