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As for the China market, PTW has won orders from top Chinese companies. Since about four years ago, the company has doubled the revenue growth year-over-year in China. "Year-on-year, we expect this growth to continue," Kirkham said.

As a result, it said, it had terminated its franchising collaboration on Tuesday.

As a low-interest-rate environment compelled investors to make riskier investments, the share of debt owed by firms with weak debt repayment capacity has risen to a "sizable" level in several major economies, and could reach post-global financial crisis levels in the event of a material economic downturn, the IMF said.

As an efficient and green energy source, imported LNG ensures the supply for winter heating and new energy vehicles like LNG buses in northern China.

As a Category A council member of the International Maritime Organization, China has taken a pioneering step by implementing the new sulfur standards in its coastal areas since January. According to the IMO, the global shipping industry is estimated to consume around 300 million tons of marine fuel oil in 2020.