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At the other side of Pacific, a similar reaction emerged on Twitter, which has been flooded with a mixture of anger and mockery.

At the same time, the Agricultural Bank of China reduced employee numbers by 9,237 to 464,500; China Construction Bank cut 5,567 employees, leaving 340,400; and Bank of China's employee number reduced by 4,296 to 305,800.

At that point, the price soared 13.58 percent from 14,545 yuan per ton on Aug 1 to 16,520 yuan on Thursday.

At the Himalayan Consensus Summit 2018 on Saturday, representatives were finding ways to understand how the Belt and Road Initiative of China and the Act East policy of India could have more in common and more synergy than difference.

At the meeting, the discussions focused on speeding up administration of prevention and response to the spread of COVID-19, reduction of repercussions caused by the virus on trade and the national economy, finding solutions for the country to assist and minimize losses incurred by the employers and employees of factories and workshops that had to close down, state-run media reported Friday.