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Ansell's brands include Jissbon, which sounds like James Bond in Chinese, and it is the second-largest maker in China behind Reckitt Benckiser which owns Durex. It also competes with large local brands Donless, Double Butterfly and Gobon.

Another graduate, Li Chang, said what he appreciated the most from his time at NYU Shanghai was the chance to learn industry insights through valuable internship opportunities at high-profile institutions. Li, who will further his studies at Princeton University, interned as a research assistant at Harvard Center Shanghai.

Any attempt to cut global supply chains due to the epidemic, or any support for transferring or decoupling them is unrealistic and unwise, Geng said.

Another top deal is China National Petroleum Corp's .8 billion purchase of an 8 per cent stake in Abu Dhabi National Oil Co, announced in February.

Another decision made at the meeting said the procedures that a new firm needs to go through to become initially operational will be further streamlined. The whole business registration process will be conducted online. Government approval of the names of businesses before registration will no longer be needed unless specifically required.