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CNPC, the country's largest oil and gas producer by annual output, and supplier of more than 70 percent of the natural gas used in China, said it would provide 70 billion cu m of natural gas this year to alleviate gas shortages during the heating season.

Calling it the "worse recession" since the Great Depression of the 1930s, Gopinath said the cumulative global output loss across 2020 and 2021 is expected to reach about 9 trillion U.S. dollars, greater than the economies of Japan and Germany combined.

COSCO, the biggest shipping company on the Chinese mainland, announced a month ago it was offering HK billion (.27 billion) to buy OOIL, which was founded by former special administrative region chief executive Tung Cheehwa's family in 1969. The purchase will create the world's third-largest shipping line with more than 2.9 million standard containers and 400 vessels, surpassing French container, transport and shipping company CMA CGM Group.

Cai Xuefei, a wine sales expert, said Moutai aims to supervise the flow and pricing of its products, and online sales will help that effort.

COLOMBO -- Sri Lankan President Maithripala Sirisena granted amnesty to 526 inmates Monday on the occasion of the Christmas, an official said.Prisons Commissioner H.M.T.N. Upuldeniya told Xinhua that these 526 inmates were in jail for minor offenses.Upuldeniya said special religious celebrations were also organized within the premises of the prisons throughout the country to mark the Christmas.Christians account for seven percent of Sri Lanka's total population, mainly concentrated in the western coastal belt of the country.Sri Lanka is in the habit of granting such pardons in respect of events of national significance such as the New Year, the National Independence Day and the Buddhist festival Vesak.The president has the constitutional power to grant full pardon to inmates or commute their sentences.