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As the Chinese Academy of Social Sciences estimated, the pension gap in China will reach 600 billion yuan ( billion) by the end of 2018 and the figure will grow to 890 billion yuan by 2020.

As we detailed yesterday, tech execs like Bezos, Zuckerberg, Apple’s Tim Cook, Microsoft’s Satya Nadella, Alibaba’s Jack Ma, and 24 other executives gathered in Redmond, Wash., to meet with China President Xi Jinping at the conclusion of?the eighth annual U.S.-China Internet Industry Forum. It was a rare gathering of some of the most powerful people in the tech industry — Bill Gates was also in the room — who traveled from across the globe to Microsoft’s campus this week in the Seattle region where President Xi has spent the past three days.

As the systematic and institutional arrangement for providing financial public services, the financial infrastructures have played a pivotal role in the steady and sound operation of the financial market, said the document jointly released by the PBOC and five other departments.

As the World Health Organization has stressed, China's extremely strong healthcare measures have given the world a window of opportunity to contain the virus. Similarly, China's economic stimulus and targeted measures are giving the world economy an opportunity to recover.

As the West leans toward protectionism and anti-globalization, how the Asia-Pacific region deals with the new circumstances is key to the future of globalization, the researcher noted.