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Besides, established players have a firm grip on their share of the market, and it is difficult for newcomers to shake it up, he said.

Bian Mingyao, deputy head of the department, said that during the outbreak of COVID-19, the digital economy emerged with great vitality and had become an important powerhouse in promoting economic stability and recovery across the region.

Biden won 306 electoral votes to 232 votes for Trump. It takes 270 votes to be elected.

Biden is betting that the party's left wing, while vocal, is not the majority and running as a centrist will give him a good shot at winning the nomination. He sought the Democratic nomination in 1988 and 2008 without winning a single delegate.

Besides, the runaway pork prices of mid-2019 have dropped since November. The increase in the Consumer Price Index was expected to weaken in December, thus providing space to the People's Bank of China, the central bank, to further implement its prudent monetary policy. And market liquidity will hopefully continue to improve.