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"Following the financial crisis in 2008, the shipping market entered a long period of downturn and as a result, many loss-making firms went bankrupt," said Huang.

"Growing global competition has forced Japanese manufacturers to cut costs to be more efficient, while fulfilling a production quota, which is often difficult to achieve," said Motokazu Endo, a lawyer at Tokyo Kasumigaseki law office.

"Financial regulators' tolerance of higher NPL ratios for SME loans will also motivate commercial banks' lending," he added. "The challenge is how to precisely assess SMEs' financial risks and to prevent fraud based on limited information. Utilization of big data and advanced technology such as AI may be the key."

"Having a name matters to prevent the use of other names that can be inaccurate or stigmatizing," WHO's Director-General Tedros Adhanom Ghebreyesus said.

"For an internet company like Meituan Dianping, it is crucial for the products to be improved and upgraded," he said. "That idea can also be applied to Party building, so we can come up with new and better ways of communicating Party theories."