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As confirmed COVID-19 cases around the world keep rising, the economic impact has exceeded that seen during the 2008 global financial crisis. Although another Great Depression may not be on the horizon, temporary shocks might lead to a significant downturn.

As a major strategic decision made by the Communist Party of China Central Committee to further opening up, the addition of the Lingang area demonstrates China's clear stand to adhere to all-round opening up in the new era and an important measure taken to actively lead the healthy development of economic globalization, officials said.

As for questions about China's market access, China's reform and opening-up as well as structural adjustment of its economy, Wang stressed that China will firmly deepen reforms and expand opening-up to the outside world.

As Spring Festival arrives, one can see different types of red envelopes for sale in almost all shops and markets. They usually bear the Chinese character fu, meaning "luck", or one of the 12 animals of the Chinese zodiac, depending on that animal's year. The forthcoming year is that of the rat, so this year's envelopes carry that motif.

As dozens of countries have joined the initiative, China has become "a major center of attraction" for all the people who wish to achieve development, said Mahmoud Raya, director of the "China in Arab Eyes" news website in Lebanon.