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At his Senate confirmation hearing last month, Powell impressed his listeners as an evenhanded moderate who favored the kind of incremental stance toward rate hikes that both Yellen and her predecessor, Ben Bernanke, embraced. A Senate committee approved Powell's nomination and sent it to the full Senate, where his confirmation is considered certain.

Aside from direct investment into the renovation, the project is expected to boost the development of both upstream and downstream industries. With the improvement of the living environment in their communities, residents will be more proactive in increasing their spending on interior decoration and home appliances, he continued.

At 5 pm eastern time (2200 GMT) on Friday, District Court Judge Amy Berman Jackson granted Mueller's request to file the report under seal and ordered a redacted version to go public.

Aston Martin's first SUV, the DBX, is launched on Friday at the Guangzhou auto show. [Photo by Li Fusheng/China Daily]

Asgar Rangoonwala, president of Xi'an Janssen Pharmaceutical and chairman of the executive committee of the Research & Development-based Pharmaceutical Association Committee, said that multinational pharmaceutical corporations are confident in the resilience of China's healthcare ecosystem and its ability to win the fight against COVID-19.