The country has also exported 216 million protective suits, 81.03 million goggles, 26.43 million infrared thermometers and 1.04 billion pairs of surgical gloves, along with COVID-19 testing kits for 162 million people and 72,700 ventilators during the same period, the General Administration of Customs said Sunday.
The consensus belief, at least hope, is that the Fed's extreme expansionary policies will rescue the US economy, at least until the next crisis. However, well-known mainstream economist Stephen Roach, now a faculty member at Yale and former chairman of Morgan Stanley Asia, last month predicted that the dollar will fall 35 percent by early 2021, adding credibility to those who fear that the dollar-based financial system will not survive this crisis.
The country has rolled out a slew of counter-measures for disease prevention and control, work resumption and consumption boosting, he said. The government has put great efforts in particular in serving enterprises, boosting development and maintaining employment.
The country will also pay close attention to financial risk control, and make sure that the country's financial oversight and regulatory capabilities are in line with the level of opening up, according to the statement.
The consumer market is rebounding in the Guangxi Zhuang autonomous region after a series of measures to spur consumption were introduced in the recent weeks during a life festival organized by the regional government.
The continuous development and elevation of China-ASEAN relationship has strongly promoted the stability and prosperity of this region, said Wang.
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The country officially kicked off 5G commercial use in 2019. Telecom carriers have invested a lot to build a 5G network, while mobile phone producers have scrambled to introduce 5G smartphones.
The contracts are agreements to buy or sell treasury bonds at a predetermined price on a set date. They allow investors to bet on and profit from the movements in the value of the bonds.
The country will further expand the digital economy and develop next-generation information infrastructure, according to the Government Work Report.
The country is scheduled to release a set of key economic data next week, including total retail sales for January and February. The data will partially reflect the impact of the viral outbreak on domestic consumption and will serve as reference points for policies necessary to shore up the economy.