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Global leading toy maker the Lego Group and Tencent renewed their memorandum of understanding to further strengthen and expand their partnership in offering more creative and safe digital play experiences for children in China on Wednesday.

Given the record number of star-studded attendees and the pressing security-related topics discussed, this year's Beijing Xiangshan Forum, which ended last week, was arguably the most relevant and important one since its launch in 2006, experts have said.

Global supply chains take years to build and can't easily be reconfigured "at the drop of a hat", according to Barry.

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Georgieva said China aims to eradicate absolute poverty by 2020, and the goal is of landmark significance for China and the world. China has achieved sustained and strong economic growth through reform and opening up. It is believed that China will continue to remain open to the outside world in various fields including finance and capital.

Given their small populations and relative isolation, Pacific island countries may have been spared the worst of the COVID-19 pandemic, but they have not avoided the global economic downturn.

Geely has registered positive growth for three months since April. Its market share by the end of May grew to 6.88 percent in China, up 0.53 percentage points from the same period in 2019.

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Given the general tone on financial risk prevention by China's top policymakers, Kwok expected the government to maintain its tight management of capital outflows while adopting measures that encourage capital inflows to support longer-term objectives, including further capital market opening and the Belt and Road Initiative.

Geng emphasized that Taiwan is an inalienable part of China and that the integrity of China's sovereignty and territory is not allowed to be segmented.

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German premium carmaker Porsche kicked off its new program with the ART021 Shanghai Contemporary Art Fair on May 25 in Shanghai, as part of efforts to encourage young, innovative artists in its largest market.

Global shipments of 5G phones during the first quarter of this year alone topped all of 2019's 5G phone shipments, thanks in large part to the strong demand from Chinese consumers, the report said.