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As the pandemic continues to spread across the world, global  recovery will be a difficult and tortuous process. Rising protectionism and unilateralism have put the global governance system and multilateral institutions in jeopardy. Economic and social development at the regional and international levels face serious challenges.

As the first country in the world to use paper money, China is expected to also become the first to stop using paper money due to the soaring popularity of mobile payment platforms, China Daily reported citing analysts forecast on July 24.

As the markets may need a lot of funding when they re-open, "the PBOC will use monetary policy tools, such as open market operations, to inject sufficient liquidity in time, to maintain reasonably ample liquidity in the banking system," the statement said.

As well as traditional automobiles, Shaanxi will increase production of innovative vehicles as China looks to phase out combustion engines and increase transport efficiency.

As this service starts, public expectations rose high. Tickets for this first trip to the eastern end of the island have quickly sold out.