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BEIJING - As the continued spread of COVID-19 has weighed on the global economy and caused market nosedives, International Monetary Fund (IMF) chief Kristalina Georgieva on Monday urged "increased coordinated action" to boost investors' confidence and stabilize the economy.

Authorities must increase the capacity to receive patients. They can even set up more beds than needed but no patient should be left waiting, she said.

BEIJING - China Petroleum and Chemical Corporation (Sinopec) reported a 40.1 percent increase in net profits for the first half of 2017 on Monday mainly due to high oil prices.

Austin, in his remarks later, said that as the leader of the Pentagon, his "priority will always be the men and women, military and civilian, who make up the department, and their families."

Aviation giant Airbus SE has won orders from China to supply 140 single-aisle and wide-body jets worth billion.