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Chairman of South Africa BRICS Business Council, Iqbal Surve, believed that protectionism emerged mainly in the developed world "does not make any sense" as globalization is an irresistible and irreversible trend of the times.

Central SOEs now have about 6 million skilled workers, but in 2017 that shrank by 290,000 from the level in 2015, he said. He attributed the talent outflow mainly to low incomes, unsatisfactory welfare benefits and poor social status.

Central bankers in the United States, European Union, Japan and Oceania have had a change in mood in the past month, given worries that a too tight monetary environment may not cushion their economies from shocks from trade tensions, Brexit and financial vulnerabilities. They sounded the alarm over global uncertainties after the International Monetary Fund downgraded its forecast of the world’s economic growth in January.

Central and northern areas of Liaoning province, most parts of Jilin and central and eastern areas of Heilongjiang will experience heavy or torrential rain. The accumulated rainfall over the two-day period could reach 40 to 130 millimeters or even 150 to 180 mm in some areas, it said.

Carmakers around the world have been battered by coronavirus. Many are relying on government help, as the pandemic slammed the global economy into reverse and forced people to stay at home.