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Despite global economic uncertainties amid the COVID-19 pandemic, China's foreign trade has maintained better-than-expected performance since the second quarter of this year, with trade in services, cross-border e-commerce and private sector transactions emerging as new growth engines, according to government officials and economic analysts.

Deploying resources from its global supply chains, Walmart has increased the supply of products that are frequently purchased by local consumers. Meanwhile, directly sourcing vegetables and fruits from local farms in Hubei province is a move to support farmers who have been affected by the COVID-19 epidemic.

Deng Delong, global president of Trout & Partners.[Provided to China Daily]

Democratic presidential candidate and former New York City mayor Michael Bloomberg is introduced by Houston Mayor Sylvester Turner during his campaign launch of “Mike for Black America” at the Buffalo Soldiers National Museum last week in Houston, Texas. DAVID J. PHILLIP / AP

Despite the drop in sales, the group's operating revenue increased 6 percent to 246.45 billion yuan, which pushed profit up 4.4 percent year-on-year.