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China will look to Brazil and to a lesser extent Argentina, in addition to increased domestic production, to replace American soybeans, said Wendong Zhang, a professor at Iowa State University. He said that China would end up paying more for soybeans from Brazil.
China's central bank will have more room to inject liquidity and lower the major interest rates to cushion any financial volatility and stimulate the economy, as domestic consumer inflation pressure eased and the global economy is predicted to suffer a deep recession this year amid the COVID-19 pandemic, economists said.
China's antimalarial programs in South Sudan are helping thousands of people diagnosed with the disease every year.
China's Tibet autonomous region received 2.46 million tourists from November 1 to March 15 this year, an increase of 84 percent year-on-year, local authorities said.
China will continue upholding the principles of joint consultation and cooperation for shared benefits, and work with all parties to grasp the opportunities brought by technological revolution for mutual benefit, he said.