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The move is part of the country's efforts to minimize the impact of the contagion on the economy through more investment in new infrastructure projects instead of resorting to massive government-led stimulus measures.

The narrative of a rising Africa will remain a pipedream as long as there is no industrialization and manufacturing. To this effect on Aug 18 to 19, the Africa Policy Institute (API)-Nairobi in partnership with the Embassy of the People's Republic of China in the Republic of Kenya co-hosted a virtual two-half day conference themed: Enhancing China-Africa Cooperation on Fighting COVID-19 and Promoting Manufacturing.

The modernized economy will stand out in aspects ranging from innovation-driven industries featuring coordinated development, an open and fair market, efficient and fair income distribution, coordinated urban-rural and regional development, being energy-conserving and environment-friendly, to an open economy of higher standards.

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The move came as Huawei has been serving Chile for 16 years and has earned the trust of customers, partners, institutions, universities, and governments in the country, the company said in a statement.

The move bolstered Wall Street Monday and set a positive lead for Tokyo stocks Tuesday, with China-linked issues rallying and Japanese chip-related issues rising on Huawei's US chip suppliers sending the US Philadelphia semiconductor index higher on Monday.

The movement curbs have forced thousands of street hawkers and vendors to embrace digital platforms, mirroring a shift in neighboring Indonesia, where roadside businesses enjoy a sizable online presence.

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The money will come from billion set aside for agriculture producers by the Trump administration, due to market disruptions from the current tariff standoff between the US and other countries around the world.

The move is part of Oppo's broader push to beef up research and development capabilities, as the company wants to seek for a new stage of rapid expansion after smartphone growth plateaued in China.

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The most important priority for authorities is to create an enabling environment for businesses to prosper.

The model meets China's surging demands in the general aviation sector for aircraft to be used for border patrol, law enforcement, rescue and relief missions and forest firefighting.