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Complete industrial structure

Commercial banks will be able to set up financial asset investment and wealth management companies with no foreign capital limit. Meanwhile, foreign-controlled securities companies, investment funds and futures companies will be allowed to provide brokerage and consulting services.

Commercialization comes before the original 2020 target

Compared with deep-pocketed multinationals, which are better positioned to resume production, smaller companies that account for 90 percent of Chinese enterprises have less financial flexibility to withstand long-lasting disruptions, the report said.

Compared to pagodas in Tibet, Myanmar's version imparts a kind of otherworldly spirit. The gilded stupas are cherished as an iconic landmark throughout the country. They are imposing and supreme, but not intimidating. Rather, I find the pagodas in Myanmar modest and down-to-earth. It defines the spirit of the city of Yangon, and the spirit is reflected in both urban and rural life. Churches are to European countries what temples are to a Buddhist country. Temples in Myanmar are places where people seek spiritual resonance and support.