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Bank of China said it and payment technology company Mastercard Inc jointly launched a debit card that enables payments in 19 foreign currencies for Chinese cardholder. The move targets the expanding number of bank card users who need payment services overseas but are without a credit card.

Barry Eichengreen, professor of economics and political science with the University of California, Berkeley, said: "The time for using fiscal policy for stimulus is when it's safe for people to go back to work. So I think that time has come in China." Eichengreen's comments were made at a recent seminar held by the China Finance 40 Forum.

Based on an analysis of infection clusters and genome samples collected from COVID-19 patients in Japan, the institute came to that conclusion and published it on its website on Monday, with a motion graph showing the haplotype networks of the virus. These networks are described as an intuitive method for visualizing relationships between individual genotypes at the population level.

Baby elephant Ploy is trained to perform tricks at the Ban Ta Klang elephant village in Thailand. [LILLIAN SUWANRUMPHA/AFP]

Bain's report showed that ecosystem players are unlikely to suffer long-term damage from the coronavirus outbreak.