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Archer Daniels Midland Co, or ADM, a United States-based grain trader and processor, is setting up a raw-food material plant in Jiaxing, Zhejiang province, next year to supply raw materials and other products to the Asia-Pacific market, according to a senior executive.

As China moves to further expand the scope of opening-up and encourage closer synergy via more inclusive and diversified partnerships, Zha said that the government's supportive policies has not only better protected the legitimate rights and interests of foreign investors, but also pushed the government to offer more power and services to global companies.

Ardern said that delivering an innovative and well-run virtual APEC will demonstrate New Zealand's digital and creative capabilities, along with its commitment to continued and effective diplomacy, which is more important now than ever in a COVID-19 world.

Application scenarios

As China is in a prolonged transformation of its interest rate regime, the likelihood of the PBOC cutting the benchmark lending and deposit rates is quite small, but it may lower some quasi policy rates, such as the reverse repo rate, the medium-term lending facility rate and the standing lending facility rate if the Fed cuts rates, said Lu.