The gate of UNESCO. [Photo/CGTN]
The fund would be set up in the second half of 2019, and would be managed by a government-owned entity operating independently of the current structure of public administration. It would be run in accordance with market-led and commercial principles, he added.
The global economy has stabilized because of extraordinary policy measures that established a floor, with governments providing around trillion in support of households, Georgieva said.
The government is also constructing a 100-bed pediatric intensive care unit on the Sri Krishna hospital campus. It will be ready by next April, the month when the disease normally hits the region.
The founder and chief executive officer of ride-hailing company Didi Chuxing, Cheng Wei, and the company's president, Liu Qing, apologized on Tuesday on Didi's Sina Weibo account for any role it might have played in the death of a 20-year-old woman in Yueqing, Zhejiang province, who was raped and killed by one of their drivers on Friday. It was the second such killing this year.
The government has announced a slew of new policies to reduce financial burdens on firms and minimize the outbreak's impact on the economy.
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The government may also ban people in contact with the patients from leaving the city.
The fund was set up by Alibaba in December 2017 with a commitment to invest 10 billion yuan over the following five years in poverty alleviation programs covering the fields of education, e-commerce, health, empowering women and environmental protection.
The free-trade zone in Hainan will serve as a new window for China to contribute more in solidifying regional economic integration and injecting vitality to the world economy, Wei said.
The four populous states holding primaries Tuesday could give former vice-president Joe Biden an insurmountable advantage over Bernie Sanders in the race for the Democratic US presidential nomination.