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Another company involved in coronavirus medical waste treatment, Shanghai Environment Group Co Ltd, handles such garbage on-site before using mobile technology to transport it back to disposal sites.

Anwar Abu Sbaitan, senior executive officer of Kuwait-based asset management firm Kamco, said that the UAE and Saudi Arabia represent 75 percent of the GDP in the GCC countries, hence foreign banks have to run a presence here to bank on the region's prospects.

Another major play NetEase reported a net revenue of 8.11 billion yuan in the third quarter, up by 23.5 percent year-on-year, according to tech.163.com, NetEase's online news portal.

Anna Marsden, managing director of the Great Barrier Reef Foundation, said the results achieved by the Southern Cross team were an important step but should not deflect attention from the need to address climate change and its impact on the reef.

Apart from monetary easing, further tax cuts and policy to encourage consumption are also in the policy toolbox for the authorities to boost the economy, said Shen.