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Analysts said the acceleration in profits in July was mainly due to government measures to boost resumption of work and production across the whole industrial chain at a faster pace, as well as a rebound in production and sales. They expected the rising demand will continue to boost industrial profit growth in the next few months.

Analysts say the results of Mercedes-Benz and smart were extraordinary, considering that car sales in China last year fell for the first time since 1990.

An outcome of Sri Lanka's Vision 2030, Port City Colombo was selected as one of the "Five New Cities to Shake Up the Future" by Forbes magazine in 2018.

And Harvard University and the Massachusetts Institute of Technology sued the Trump administration on Wednesday, seeking to block a measure that would bar foreign students from remaining in the US if their universities move all courses online due to the novel coronavirus outbreak.

Analysts warned that China's corporate sector was feeling the stress and expected a tougher time, as funding costs were rising and could rise further, while credit would become harder to access, especially for small and medium-sized firms.