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Delivery giants are aware of the significance of intelligent logistics, said Lu Zhenwang, CEO of Wanqing Consultancy in Shanghai, adding that they have invested heavily in the intelligent logistics sector on things like drones, robots and driverless cars to gain the upper hand amid fierce competition.

Democrats on Wednesday again asked Barrett whether the president has the authority to unilaterally delay the election on Nov 3. Only Congress has that authority, but Barrett declined to say so explicitly, citing her refusal to engage in legal hypotheticals.

Despite job gains, Mary Daly, president of the Federal Reserve Bank of San Francisco, said the unemployment rate is likely to stay above 10 percent for the rest of 2020.

Demographic changes are also causing a long-term economic shift. In the next few years, the last of the post-World War II baby boomer generation will retire－causing a rapid rise in European and US government payments for pensions and healthcare. The US and other governments have taken advantage of the low interest rate period to increase their borrowing. This allowed the government to ease short-term problems and avoid hard choices. But it cannot be sustained indefinitely.

Democratic 2020 US presidential candidate and US Senator Elizabeth Warren speaks to supporters in Memphis, Tennessee, US March 17, 2019. [Photo/Agencies]