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As the debt-to-equity program is considered a significant and efficient method to tackle debt woes, China Shipbuilding Industry Corp, one of Chinese Navy's biggest contractors, converted debt into equity by offering eight investors stakes in two of its unlisted subsidiaries for an estimated 22 billion yuan (.27 billion) in August.

As the country's retail landscape has been heavily impacted by the booming e-commerce market, leaving a number of investors wavering in the idea of building more shopping malls, the architecture firm, which established its China office in Shanghai in 2008, is seeing the majority of its work shifting from design for retail to the education sector over the past decade.

As well as smuggling drugs to the United States, the Sinaloa Cartel has played a major role in narco violence between rival gangs that has torn areas of Mexico apart and defied successive governments

As this year marks the 30th anniversary of the establishment of Singapore-China diplomatic relations, "business communities in both countries are enjoying a long-standing and mutually-beneficial relationship that extend beyond trade and commerce," Teo said in a written interview with Xinhua on Thursday.

As the two sides reached an impasse, the DPRK took the opportunity to move forward with its program and, since 2005, has carried out five nuclear tests and numerous missile tests. In the meantime, the U.N. Security Council has stepped up sanctions, and the US and the Republic of Korea have been carrying out heightened military exercises to exert greater military pressure on the DPRK. Consequently, tensions are now running high and the channel for talks is closed, and the situation is increasingly dangerous.