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At the same time, official figures showed that in 2016 the Cuban government spent 5.8 billion Cuban pesos (2 million) in social security payments.

Attempts to use fiscal policy, especially boosts in infrastructure spending, may not be as effective as previously. At an earlier stage of growth, China was very short of hard infrastructure - transportation, energy, water, and so forth - so almost any infrastructure spending would be economically useful.

At that time, the atmosphere in São Paulo was totally different from the push notifications in her cellphone. On the weekend of Feb 22, Brazilians were celebrating the annual carnival. "Coronavirus is merely horrific news from the other side of the world, 16,000 kilometers away from here."

At the China International Import Expo information mission in Manila late last year, China's Ambassador to the Philippines Zhao Jianhua said China wants its first industrial park in the Philippines to be bigger than its eight other parks in Southeast Asia.

At the end of January, China Securities Regulatory Commission, the country's securities watchdog, started consulting public opinion on new rules that will combine the above two existing schemes.