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Domestic stock, gold and commodity markets will be further opened up to foreign investors and institutions, which could enable more funds to flow in. The further opening of banking, insurance, securities, fund and wealth management businesses to foreign institutions will help domestic service providers to improve operational and management skills, he said.

Development of the digital economy is listed as an important task for building a modern economic system in China and achieving high-quality development. In 2017, the country's digital economy hit 27.2 trillion yuan, 32.9 percent of the country's total GDP growth.

Development of sustainable, world class specialized, export-driven and competitive industrial parks is the major target of Ethiopia's vision towards economic development, according to Arkebe Oqubay, Special Advisor to the Ethiopian Prime Minster.

Doctor Ranjit Sah at the National Influenza Center in Nepal. [Photo provided to chinadaily.com.cn]

Direct economic losses from the disasters were down by 55 percent from the past five years' average at 215.3 billion yuan (.4 billion), he added.