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In late July, the company launched the presale of the ZTE Axon 10 Pro 5G via major e-commerce platforms at the price of 4,999 yuan (2).

In mid-March, it provided 275 million Canadian dollars for medical research. It announced the creation of a new strategic innovation fund to allot another 192 million Canadian dollars to specific companies and research institutions working on new drugs and vaccines.

In mid-July, the company launched an online crowdfunding project for the Happiness Sharing Farm on the Idianchou platform. Zhao Xuesheng, deputy manager of the platform, said a client could get the management rights for 0.022 hectares of farmland for four months by investing 500 yuan.

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In his 18-minute welcoming speech, Luo noted that Hong Kong had not completely emerged from the prolonged social unrest, which has dragged Hong Kong's economy into a recession and severely affected the residents' lives.

In its June forecast, the IMF projected global GDP to contract by 4.9 percent this year, the worst downturn since the Great Depression of the 1930s. However, things seem to be less dire, Georgieva said in a curtain-raiser speech for the October annual meetings of the IMF and World Bank Group, scheduled virtually for next week.

In other words, ICBC will be a bit more tolerant with bad loans relating to private enterprises, and the losses in revenues of subsidiary banks caused by the falling loan prices would be made up by the head office.

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In his case, the rate was 11.7 percent for a six-month repayment period for the first loan, and 9.7 percent for a three-month repayment period for the other.

In past easing cycles, about half of new credit went to the property sector, making China's economy in general and the financial sector in particular increasingly dependent upon property markets.

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In other emerging regions, with many key markets like Brazil, Mexico, Turkey and South Africa already in slowdown mode before the pandemic, premium growth will turn sharply negative in 2020. And the downturn is expected to be most severe in emerging Europe, with a 10 percent contraction in premiums, the research showed.

In his speech, Xi introduced six measures to support non-public enterprises, including easing the tax burden, resolving difficulties in borrowing money, building a fairer environment for competition, and safeguarding private enterprises and their wealth.