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"For those private enterprises with liquidity difficulties but promising prospects, the bank has helped them survive the credit crunch with innovative services and products," said Hong.

"For businesses, the more they devote to innovation, the greater the risks will be. Thus, it is important to ensure their innovation benefits could be fully protected," he said.

"For many years, European banks were very active in Turkey. Now we see banks from China joining in as they see big value and potential for banking in Turkey," Aydogan said on the sidelines of a roundtable meeting of bankers at the Belt and Road Forum for International Cooperation in Beijing

"Foxconn Industrial Internet provides a one-stop development environment and Tencent Cloud, as the application operation platform, helps get applications online and supports functions such as intelligent publishing and service access, integrating app development and operations," he said. "This can help evolve the industrial platform as a service capability and accelerate Foxconn's technological capabilities used for other companies."

"Firms anticipate a recovery in production over the next year due to expectations that production will be ramped up once the coronavirus-related restrictions are lifted," said a report jointly released by media group Caixin and information provider IHS Markit on Monday.