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As we note in our recently released Regional Economic Outlook, the Asia-Pacific region remains the main engine of the global economy, and near-term prospects have improved since our report of October 2017. But there are many risks on the horizon, including a tightening of global financial conditions, a shift toward protectionist policies, and an increase in geopolitical tensions. In addition, over the longer run, Asian economies will face major challenges from population aging and slowing productivity growth, as well as the rise of the digital economy, which could yield huge benefits but also bring major disruptions.

As the domestic COVID-19 prevention and control situation remained stable, consumer demand was further unleashed amid business restoration and reviving market activities, said NBS senior statistician Zhao Qinghe.

As the digital accounts will be open to other platforms offering scenario-based services, Ping An Bank will eventually build an ecosystem with a network structure that is connected by digital accounts, said Li at a news conference in Beijing on Aug 22.

As the pizza chain is well-known for its delivery services, the company's expertise meets the major consumption trend in China. At present, online platforms contribute about 75 percent of Domino's orders in China.

As the country's financial regulator tightens its grip on the once sprawling wealth management market, the pace of development of the private banking sector targeting high-end customers has picked up, reflecting the maturing investment philosophy of high net worth individuals who each hold average investable assets of 6 million yuan (0,000).