Wang Xiaoming, a researcher at the Institutes of Science and Development of the Beijing-based Chinese Academy of Sciences, said the merger is in line with the government's efforts to ensure that SOEs can be reliable at critical moments and improve their risk prevention and risk management abilities, as well as further optimize State-owned assets and obviate avoidable competition.

Since 2019, Heytea has been promoting paper straws and helped obviate the use of more than 12 million plastic straws.

"To reduce risk exposure and obviate the need for physical meetings between patients and health providers, many Chinese have opted to use online healthcare platforms to mend their ailments since the outbreak of the disease," said Wang Yifu, an analyst with the company that has headquarters in both Beijing and Shanghai.

But 5G robots can accomplish the task in about 20 days as they obviate the need to pump out water from the stilling basin, besides doing some basic work like removing silt.

"Deeper cooperation between Asian stock exchanges will also improve crossborder regulatory environment concerning securities, which will obviate cross-market arbitrage and check illegal behaviors, and help Asian exchanges seek cooperation and mutual benefits with US and European exchanges.