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As the online sales sector has played a prominent role in driving social consumption in China, the country will launch an online shopping festival to boost consumption from April 28 to May 10, said Cai Yudong, deputy director-general of the department of electronic commerce and informatization under the Ministry of Commerce.

As violence continues to increase in Hong Kong, with anti-government protests entering a sixth month, the city saw radicals openly advocating "Hong Kong independence" and actively engaging with foreign political forces.

As the largest centrally administered Stated-owned enterprise (SOE), the China Railway Corp boasts total assets of 6 trillion yuan. The SOE said at the beginning of the year that it will give priority to mixed ownership reform this year.

As protests over the death of George Floyd have waged on in the United States, an interesting pattern has emerged among some of the country's politicians: That being, the more a given senator or office holder actively supported unrest and chaos in Hong Kong, the more they seem to paradoxically and even aggressively oppose the same phenomenon in their own country. While claiming to show support and solidarity for events in the Chinese city, vocal senators such as Tom Cotton, Joshua Hawley, Marco Rubio and others have all called for assertive action in tackling America's unrest, the same of which they would have been to slam as oppression and tyranny in Hong Kong.

As the Chinese yuan is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by trade surplus and foreign investment in the country, adding funds to the money market.