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The devastating fires have focused attention on climate change, with scientists saying the blazes have come earlier and with more intensity than usual due to global warming and a prolonged drought that has also caused towns to run out of drinking water and forced farmers off their land.

The debt-asset ratios of major industrial firms dropped 0.5 percentage points year on year to 56.6 percent by the end of July. Among them, the state-owned enterprises saw a decline of 1.3 percentage points year-on-year to 59.4 percent, the lowest since 2016.

The diplomat said that Spain welcomes the Belt and Road Initiative and is willing to cooperate with China.

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The departure of Ge Honga former software engineer at Facebook and Google－is widely considered to reflect the challenges that Airbnb faces in the competitive Chinese market.

The digital transformation index was developed to gauge companies' digital proficiency across two critical capability sets: building intelligent operations and driving digital innovation. "Rotation Champions" scored an average of 66 out of 100 against the two capabilities, compared to the average score of 37.

The directive stated that tourist sites with Buddhist and Taoist temples as key attractions shouldn't overcharge for tickets.

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The decision was made at an interdepartmental meeting on Friday convened by Yang Chuantang, the Transport Ministry's Party chief, and Li Xiaopeng, minister of transport. The inspection aims to strengthen consumer safety measures by internet-based car-hailing and ride-sharing companies and to rectify safety hazards, according to a statement from the ministry.

The digital economy－which features the use of the internet, cloud computing, big data and artificial intelligence into a variety of sectors－will contribute to 70 percent of newly added economic output this year.

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The decisions made at the National Financial Work Conference to focus on mitigating financial risks were an important milestone in this regards. Beyond that, one of the biggest challenges that the government faces is how to find the right balance between government intervention and letting markets play a decisive role. Progress has been made over the past two years in important supply-side reforms, including reducing industrial excess capacity and the housing overhang. However, it is also broadly accepted that well-regulated and competitive markets are critical for increasing economic efficiency and productivity. This is exactly what China needs to achieve a high-income economy in the coming years.

The development came after the Trump administration on Tuesday expressed its intent to offer cash payments for working Americans as part of an economic stimulus package in response to the coronavirus outbreak.