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As China's attention partly moved toward pumping short-term credit into the local economy, Mitter said regional partners would want signals as to how China's foreign direct investment strategy is going to change after COVID-19.

Around 64 percent of fintech users said they prefer using digital channels to manage "all aspects of their life". And 13 percent of polled consumers said they are regular users of five or even more fintech services, which include money transfer and fintech, wealth planning, deposit and investment, borrowing and insurance.

Apple Inc saw a nearly 10 percent decline in its China revenue in the latest quarter ending in July, as local consumers switched to newer domestic phone offerings and its 10th anniversary iPhone edition is yet to be released to invoke user enthusiasm.

Apple reported late July its financial results for its fiscal 2020 third quarter with quarterly revenue of 59.7 billion U.S. dollars, an increase of 11 percent from the year-ago quarter while the net sales in the Great China region increased to 9.329 billion dollars. Its Wearables, Home, and Accessories unit brought in 6.450 billion dollars, a 16.7-percent growth.

Areas of Zhejiang, Shanghai, Jiangsu, Gansu and Shaanxi will experience up to 300 mm of daily rainfall, while some of the aforementioned regions will see more than 70 mm of hourly precipitation, accompanied by thunderstorms and strong winds, the center said.