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China's top-level policymakers held a meeting on Friday in which they said the country will use stronger macro policy tools to cushion the economic fallout. In the first quarter, China's GDP fell 6.8 percent year-on-year amid lockdowns, while indicators suggested a substantial recovery of business activities in March.

China's trade in services surged by 8.8 percent year-on-year to 3.4 trillion yuan (8.7 billion) between January and September, said the Ministry of Commerce on Tuesday.

China′s administration helped to shape the initial impetus for Duisburg's close rail link with China. Members of both governments, China and Germany, experienced the arrival of the "Yuxinou train" with me on March 29, 2014 during his state visit to Germany. At that time, the 10,300-kilometer route between Chongqing and Duisburg harbor was covered three times a week. Today, about 40 trains per week run between Duisburg and China. With the "One Belt - One Road" initiative, China has opened the gateway to Europe for transcontinental rail transport in Duisburg Port. We initiators have been somewhat smiled at for this idea of regular train services over such long distances. Today - in the midst of the corona crisis - it is precisely rail transport that keeps the value-added chains alive in air and sea freight as the frequency of air and sea freight declines. Already in the coming weeks we will reach pre-pandemic levels in trade with China. And that is a positive and hopeful development in difficult times. For our Chinese friends, as well as for us.

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a bank in Beijing on March 30, 2016. [Photo/Agencies]

China's retail industry is transforming at a rapid pace. However, user experience in traditional stores is not keeping pace with progress in other areas, while operating costs are rising, according to IBM.