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Bohai Capital said in the statement that the latest sales will help the company improve liquidity, maintain a young fleet and purchase the new generation of aircraft. It will also help the company to raise its competitiveness in the global aircraft leasing market and upgrade its asset structure.

Both forces shaped the growth patterns of the past decades. In 1988, a lower-middle-class US citizen had more than six times the income of a well-off middle-class citizen in China. Today, both earn almost the same amount. Similar leaps happened in other economies, from Turkey to Vietnam. Yet, over the same period, half of the world's wealth went to the top 5 percent of the population, and almost one-fifth went to the highest 1 percent.

Bloomberg reported that Amazon had adjusted delivery routes and “scaled back typical operations” in cities where protests occurred the weekend following Floyd’s death on May 25.

Blue Sky Rescue, a nongovernmental humanitarian organization founded in Beijing in 2007, responded to the alert immediately and set up its own coordination center.

Blunting the impact of the severe shock will require a surge of government debt, which is the key funding source of fiscal stimulus, and an optimized debt management system should be put in place to prevent potential financial risks during the recovery phase, said Li Yang, director of the Chinese Academy of Social Sciences' National Institution for Finance and Development.