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Stephan Kothrade is president functions Asia-Pacific, as well as president and chairman of BASF Greater China, part of the world's largest chemical company based in Germany.

Staff like him used to worry about their future. "Young colleagues delayed their plans for weddings and buying new houses, because they didn't know if their next salary was going to come and if they could repay bank loans," Zarko said.

State Counselor and Foreign Minister Wang Yi (right) shakes hands with Philippine Foreign Affairs Secretary Alan Peter Cayetano before their meeting at the Diaoyutai State Guesthouse in Beijing on Wednesday.[Photo by Wang Jing/China Daily]

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Sputnik took Apple's iPhone as an example. According to market research firm IHS Markit, all of the components of a 32 GB base model iPhone 7 cost about 9.8, and the assembly of those components into an iPhone, which takes place in China, costs about , bringing its total manufacturing cost to about 4.8.

Starting from the end of March, some provinces and cities have rolled out favorable policies including free entry and discounts to boost tourism.

Spring Airlines, a Shanghai-based budget carrier, announced in October rules that allow holders of "special-price tickets" - tickets purchased at 60 percent-plus discount - to cancel or change tickets up to two hours before departure. 

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Startup Autobahn, entering China last year, is an innovative program that aims to help local startups grow.

Standard Chartered's SME Index rose to 53.3 in June from 51.7 in May. Since SMEs make up about 80 percent of urban new hiring, Standard Chartered's employment expectations indicator also rose to 53.2 from 52.1 in the same period. Numbers above 50 indicate an improving situation. Similarly, the SME development index of the China Association of Small and Medium Enterprises rose 3.5 points to 85.5 in the second quarter.

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Staff wearing face shields which depict their faces work at Bintang Sempurna printing amid the coronavirus disease (COVID-19) outbreak in Jakarta, Indonesia, June 22, 2020. [Photo/Agencies]

Stanari, a small town in northern Bosnia and Herzegovina, is the site of the Stanari thermal power plant－the first China-built coal-fired power plant in Europe－which began operating in 2016.