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Another economist, Anup Sinha, a former professor at the Indian Institute of Management Calcutta, expressed concern about impending joblessness. "As a result of acute uncertainties in the job market, the rising middle class with high disposal incomes is becoming weak and shaky. And that is having an effect on the demand side and the consumption pattern," he said.

Another signal suggesting a lowering of lending rates is that the PBOC showed less concern over inflation. It said in the report that the recent rise in food prices is likely to be contained.

Another ROK delegation, led by Park Byeong-suk, former deputy speaker of the National Assembly, visited China to attend the Belt and Road Forum for International Cooperation, held in Beijing on Sunday and Monday.

Any extreme decision or overreaction like delisting all or most Chinese stocks will cost the US stock market dearly in at least three different ways.

Another Chinese company, China National Petroleum, grabbed the fourth spot with revenue of 2.98 billion in 2018, followed by State Grid with 7.06 billion.