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This year, the regulator in Guangdong stepped up risk monitoring and pressure tests on banking and insurance institutions under its supervision, and put the results of pressure tests to good use, Pei said.

This year, the Ministry of Finance is planning to promote the issuance of the special local government bond as part of a proactive fiscal policy to stabilize economic growth, according to a senior official with the ministry.

This year marks the 45th anniversary of the establishment of diplomatic ties between China and the EU. Due to COVID-19, a series of planned events have had to be rescheduled. A summit of China and EU countries planned for September in Leipzig, Germany, will be held later. A summit between China and Central and Eastern European countries set for the first half of the year in China was also postponed.

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Though China's share of the global GDP is projected to hit 18.56 percent by year end, the share of the renminbi in global reserves hovers at 2 percent currently, the IMF said. The currency is now the sixth most used currency in international payments and is used to settle about 20 percent of China's trade, the IMF added.

This year's legislation included a 3.1% pay increase for the troops, the first paid family leave for all federal workers and the creation of a Space Force, a top military priority for Trump.

This year so far, overseas markets continued to hold promise for Chinese heavy truck producers, as the Belt and Road Initiative advances and the number of infrastructure projects in the participating economies has increased, according to a recent report from the Qianzhan Institute for Industrial Research.

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This year, on April 1, officials from the two countries will hold a repatriation ceremony in the ROK. The remains will arrive in China before the April 5 Tomb Sweeping Day－the Chinese holiday for commemorating the dead－according to the schedule published on Thursday by the Ministry of Veterans Affairs and the ROK's Ministry of National Defense.

Those suspected of being responsible for the accident are in police custody.

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This year has been tough for Nio. The company posted low vehicle deliveries for July, totaling 837, and carried out battery recalls on nearly 5,000 Nio ES8s earlier this month.

Thomas P. Leiker