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Despite slight fluctuations, China's asset-to-GDP ratio had remained about 1.8 times from 2010 to 2015, it said.

Despite opposition from business groups and trading partners around the world, the Trump administration signed proclamations on March 8 imposing a 25 percent tariff on imported steel and a 10 percent tariff on aluminum.

Demand from the shipbuilding sector is expected to see the sharpest year-on-year decline of 11.5 percent. The industry is expected to consume 11.3 million tons of steel this year, up 3.7 from last year, but the figure is expected to slide to 10 million tons in the following year due to the impact of trade disputes and geopolitical uncertainty.

Despite being affected by the pandemic, Starbucks has not slowed its investment and development in China. The company to date has more than 4,700 stores in nearly 190 cities on the Chinese mainland. In its fiscal fourth quarter of 2020, Starbucks set a record in China with 259 quarterly store openings.

Dennis Lo Yuk-ming, the associate dean (research) of the Faculty of Medicine of the Chinese University of Hong Kong, said that it would create more flexibility for faculty members to commercialize their research if Hong Kong universities relaxed their outside practice regulations. Currently, academic personnel in Hong Kong are only permitted four days per month for outside practice, according to an Our Hong Kong Foundation report.