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"Clearly, this is an aggressive move by Uber to take out a competitor and further consolidate its market position," Ives said in a research report. "Especially as the COVID-19 pandemic continues to shift more of a focus to deliveries vs. ride-sharing in the near term."

"China's economic recovery can benefit the rest of the world and is necessary for the country's further development," he said.

"China's moves to tighten its credit system are admirably in tune with its efforts to advance reform and opening-up and develop the Belt and Road Initiative with other international partners," said Wang Jun, a researcher at the China Center for International Economic Exchanges.

"China used to lag behind those developed countries in terms of participating in the global competition (for infrastructure projects). And now we need to ramp up the efforts to target overseas markets and learn from leading countries."

"China's rate of account ownership - a basic metric of financial inclusion - has increased significantly and is now on par with that of other G20 countries," while having the world's largest agent banking network, said a news release on the website of the World Bank.