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"Central banks' balance sheets are expanding extremely rapidly as they buy up large quantities of public and private assets and increase their lending to financial institutions in their efforts to counter the damaging economic impact of the coronavirus," Fitch said in a report.

"China is keen on bridging the digital gap in Africa and it is good to see that our private firms are participating in building young people's capacity."

"By launching China's ore index, more accurate and precise price information can be provided for the operation of China's commodity market," said Yu Jianguo, general manager of Shanghai Ore International Trade Center, adding, "China will also increase its role in setting global prices and forming its own commodity price system."

"China has huge market potential for imported medicine, and the demand is growing fast for generic drugs, but pharmaceutical market competition is becoming increasingly fierce," he said.

"Certain areas in the European Union, in the United Kingdom and in the US, they have not been benefited and they feel they don't fit in globalization," he said.