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Liz Pearce

Liu takes a more positive view. "The 360-degree camera hasn't developed into a very big market yet. But there are huge opportunities to explore if we expand its application scenarios to a wider range of fields, for example, sports."

Local police immediately established a special task force and launched a search for the child after he was reported missing in the city's Chikan town in the early morning on Monday.

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Local governments will be responsible for the control and prevention of epidemics occurring within their jurisdiction, according to a draft law under deliberation by China's top legislative body.

Local governments are encouraged to adopt models like franchising and government purchasing services, to prevent local government debt risks, according to the statement.

Liu, from the IMF, said: "Digital currencies still have a relatively small footprint and limited links to the rest of the financial system. Even so, authorities should remain vigilant. Digital currencies such as Libra have the potential to have a significant effect on the world financial system, particularly those that quickly reach a global scale."

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Logos of China Poly Group Corp, Sinolight Corp and China National Arts and Crafts Group. [Photo/IC]

Looking ahead, the bank said it will continue to build itself up as a corporate liquidity service bank by focusing on the establishment of its three platforms for liquidity services.

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Liu: 'Countries of the world belong to one and the same community'

Local residents and basketball lovers are attracted to come and play, while dance and roller-skating performances are also being staged. A number of booths selling sports items have been built around a commercial plaza where the carnival is being celebrated.