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Meanwhile, pet ownership has been rising steadily in China, from 59.12 million pets in 2017 to 73.55 million in 2018, up 24 percent year-on-year, according to an industry report released by Goumin.com, the country's biggest online pet community.

McWilliams believes the pandemic could accelerate a transition in globalization, from which China will benefit.

Meanwhile, Geng said China's economic fundamentals will continue to develop for the better in the long run, adding that the country will stick to supply side reforms and actively push for the implementation of various measures to make sure its growth remains at a medium-to-high level.

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McConnell's statement came after White House officials on Sunday asked Congress to first pass legislation allowing President Donald Trump's administration to redirect about 130 billion US dollars in unused funding from the PPP while negotiations continue on a broader relief package.

Meanwhile, about 45,000 20-feet equivalent units of cargo have been transported via the SGR cargo service since Dec 1, 2017, sparing entrepreneurs a colossal amount of cost compared with road transportation.

McConnell is resurrecting a measure in the 0 billion range that would repurpose 8 billion in small business subsidies to provide a second round of paycheck relief, add 0 per week in supplemental unemployment benefits, and help schools and universities reopen. The last version of the bill left out help for states and local governments sought by Democrats and another round of ,200 direct payments demanded by Trump.

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McConnell is trying to take control of the third coronavirus effort, putting GOP chairmen in charge and promising to consult with Senate Democrats later. Top Senate Democrat Chuck Schumer of New York blasted McConnell's approach, saying it's "too cumbersome, too partisan and will take far too long, given the urgency and need for cooperation." Schumer has spoken with Treasury Secretary Steven Mnuchin, however, and retains considerable influence as the Senate plans to work into the weekend to try to pass the measure. Pelosi and McConnell have talked as well.

Meanwhile, global air cargo transport demand gained only 2.1 percent year-on-year in freight ton kilometers, according to the International Air Transport Association (IATA).

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Meanwhile, the 2017 THero International Innovation and Entrepreneurship Competition organized by Guangzhou's Tianhe district government is underway, with sub-contests in the United Arab Emirates (UAE), Israel, and the United States, to help the winning foreign high-tech companies solicit investment and do business in Guangzhou.

Meanwhile, demand for displays that use active-matrix organic light-emitting diode, or AMOLED, technology is surging with the arrival of foldable smartphones. Flexible display panel makers in China are set to witness explosive growth in the next few years, market experts said.