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As a growing number of developing countries attach more attention to environment protection, there is rising demand for electric bicycles which can save more energy and pollute air less than conventional bicycles powered by fossil fuels.

As folks like to say, hindsight is 20-20. But the report also produces some other interesting factoids.

As administrative and business reforms proceed in the country, new growth drivers are emerging to boost employment with a large number of newly-registered market entities, said Mo Rong, deputy president of the Chinese Academy of Labor and Social Security. The first quarter saw 1.32 million new enterprises being registered and business startups have continuously increased employment, he said.

As banking regulators tightened rules on shadow banking and interbank business and launched a new round of inspections on irregular banking activities, China CITIC Bank re-examined its interbank business to ensure it is in compliance with regulatory requirements, in addition to shrinking part of the interbank business that generated low or no profits, said Fang Heying, vice-president of the bank, at a news conference on Tuesday.

As a number of countries have shut down their ports or borders during the pandemic struggle, air cargo has become increasingly critical to the world's COVID-19 fight amid surging demand for medical supplies, said Feng Hao, a researcher at the Institute of Comprehensive Transportation, which is part of the National Development and Reform Commission.