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The government has already started financial deleveraging and many financial institutions have been cutting exposure to shadow banking credit, giving the overall financial system much cleaner balance sheets and more sufficient capital for financial institutions to protect themselves, Lu added.

The global oil markets took a massive hit as a result of coronavirus-induced lockdowns. The pandemic has provided an opportunity for economies to speed up their transition into a more energy-friendly future.

The good old branding method of banking only on certain proven celebrities is being challenged in digital marketing, and with no guarantee of success, according to market experts.

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The full explosion of IoT industrial chain is at the corner, Li said.

The government is trying to improve their performance and efficiency through mixed-ownership reform and market-oriented management.

The game-focused coding platform enables kids to learn Python and JavaScript through puzzles and challenges. With only five staff in China, it has attracted one million users across 500 schools in the country in less than one year.

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The government has predicted that the epidemic will reach its peak sometime this month, and has therefore extended lockdown measures by at least another week in more regions of the capital Santiago and its metropolitan area, where 70 percent of cases are concentrated.

The gala was hosted by National Association of Chinese Americans with more than 300 people from China and US attending.

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The government expects orderly competition and will regulate monopolies. Competitive firms will receive support in expanding overseas.

The government lost the initial battle after the Court of First Instance ruled that both were inconsistent with the Basic Law. The government then lodged an appeal, which was heard last week; the verdict is expected to be delivered soon.