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By increasing the price of assets, primarily stocks and residential real estate, the 20-year low interest rate policy has been fantastic for already-affluent people, who saw the value of their portfolios soar. But average working people in the US have seen stagnant wages, except for small raises in the last three years, and have little if any savings. Consumer debts have risen sharply, healthcare costs have soared and young people have been hit by debt caused by dramatic increases in university tuition. Again, the consumption-driven US boom could not be sustained.

By the end of 2018, China has 250 million citizens aged over 60, accounting 17.9 percent of the country's total population. There is a big demand for health insurance, especially among the senior and elderly population.

By the end of last month, financial institutions had lent 34.1 trillion yuan (.4 trillion) to the property sector, up 20.3 percent year-on-year, according to a report from the People's Bank of China (PBOC).

CBDC could be put into e-wallets for direct and peer-to-peer transactions

By the end of July, the China-Europe cargo train service had delivered 39,000 tonnes of goods for epidemic prevention, providing strong support to international COVID-19 control efforts, data from the China State Railway Group Co Ltd showed.