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At what point will the enforced shutdown of the global economy become more harmful than the novel coronavirus?

At this time, HAX is focusing on investing in startups in emerging industries such as industrial robotics, the internet of things and healthcare.

At the 2018 BRICS Summit in Johannesburg on Thursday, (from left) Indian Prime Minister Narendra Modi, President Xi Jinping, South African President Cyril Ramaphosa, Russian President Vladimir Putin and Brazilian President Michel Temer join hands for a group photo. MIKE HUTCHINGS / REUTERS

At present, one-third of the world's 262 unicorn tech companies are Chinese, and China has become world's largest e-commerce market, accounting for nearly half of the global trading volume, according to a report released by management consulting firm McKinsey &Co.

At the two-day annual meeting, the Ministry of Finance asked local officials to carry out the debt dissolving plans in a practical and detailed way, accelerate the market-oriented reform of local government financing platforms－most of which are indebted State-owned companies guaranteed by the local governments, and strengthen supervision to curb the growth of implicit debt.