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Anta Sports Products Ltd, the mainland's largest sportswear retailer by market value, posted record annual profits for a third year in a row as its multi-brand strategy paid off and the company gained from the rising demand for sportswear and sporting goods in the country.

Another client, a gaming company, held video conferencing calls with a peer company based in the Chinese city of Chengdu and an IT training firm offering digital training sessions with the help of Tencent Meeting.

Another Chinese AI pioneer SenseTime Group Ltd is also setting up a hub in Abu Dhabi, the capital of the UAE, as its regional research and development center for expansion in Europe, the Middle East and Africa.

Apart from the factors discussed above, demographic changes may determine future declines in savings rates.

Anwar was Mahathir's deputy during Mahathir's first stint in office in the 1990s, but he was sacked and later jailed on charges that he said were trumped up. Anwar was jailed a second time in 2014.