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Chinese travelers pose for photographs at the Ibaraki prefecture airport in Japan. [Photo provided to China Daily]

Chinese-Russian trade in the machinery manufacturing industry remains strong, and more Chinese machinofacture companies are seeking to expand into Russia amid the supportive policy environment fostered by both governments, a Chinese embassy official said on Tuesday.

Closing borders and shutting down most businesses has disrupted production of goods and services, increased unemployment, discouraged investment and reined in economic growth. The Asian Development Bank, or ADB, has forecast that East Asia's GDP will slow by 1.3 percent this year, while economic activity in Southeast Asia is expected to contract by 2.7 percent.

Chocolates, roses, and romantic gifts have occupied the shopping center lately. Our colleague Anthony is aware that a special day is just around the corner.

Chris Clark, regional president of Visa Asia-Pacific, said at the summit that the payment environment in China differs significantly from other markets. Mobile payment takes the lion's share in China, while credit cards, or any other plastic cards, are less used. Therefore, Visa has focused on cross-border services to Chinese consumers, as Chinese are second to none when it comes to overseas travel.