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An estimated 71 million people are expected to be pushed back into extreme poverty in 2020, the first rise in global poverty since 1998. Many of these people are workers in the informal economy, whose incomes dropped by 60 percent in the first month of the crisis. Lost incomes, limited social protection and rising prices mean even those who were previously secure could find themselves at risk of poverty and hunger.

An engraver works on a seal in a workshop at a "Taobao Village" in Qufu, Shandong province. [Photo/Xinhua]

An aerial view of the Danjiangkou Dam in Hubei province. The reservoir is the start of the middle route of the South-North Water Diversion Project. Photo provided to CHINA DAILY

An extended Plum Rains season this year has also brought more rainfall. Plum Rains, often occurring in June and July, refer to the long period of continuous rainy or cloudy weather in the middle and lower reaches of the Yangtze River. The name is a reference to the time that plums ripen in the region.

An all-in platform will help to curb risks by making the transaction data transparent, according to the sources.