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Cyclical fluctuations appear to be inevitable in any economy, and China is no exception. Some economists have blamed the so-called structural factors, such as lagging institutional reforms, a shrinking demographic dividend, and lack of innovation, for the current downturn. But such factors can't explain the downturn.

Crude oil prices have plunged since the beginning of this year. The average price is at its lowest point in more than a decade. The intricate geopolitical relations among the three international giants in crude oil production－OPEC's representative Saudi Arabia, Russia and the US－make it difficult for them to reach a long-term agreement in the oil market. Since the outbreak of the epidemic, even a temporary agreement has not been reached. The volatile crude oil market is not conducive to economic globalization.

Currently, the numbers has dropped to 5,692 and 14,153 respectively.

Cuomo said Saturday that New York's latest confirmed coronavirus cases are mainly coming from people who left their homes to shop, exercise or socialize, rather than from essential workers.

DALIAN - Soybean farmers in Northeast China's Heilongjiang province have received a special premium of 1.44 million yuan (9,500) from a so-called "insurance plus futures" pilot project.