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As the outbreak worsened, the market expected monetary and fiscal stimulus would be rolled out both at home and abroad to surf the economy through the epidemic.

As we speak, China's manufacturing sector is basically open. It is gradually lifting restrictions on access to the modern services sector. And it is opening up the financial sector with accelerated pace and at a higher level. Going forward, China will continue to quicken its steps to increase market access for foreign investment. Take for example foreign ownership caps in joint venture firms in sectors such as securities, future and life insurance. China has brought forward the deadline for lifting the caps from 2021 to 2020. At the same time, China has also cut short the 2019 edition of the negative list on foreign investment, reducing the 48 items on the list to 40.

As two-way movements in the yuan exchange rate have become increasingly flexible and the macro-prudential regulation on cross-border capital flows continues counter-cyclical adjustment, China can cope with external shock and ensure stability in the forex market, it said.

As the supply chain becomes more digitalized, integration with online shopping platforms will help traditional retailers connect with customers.

As we’ve noted in the past, Amazon.com is expanding fast in its hometown of Seattle, leasing new buildings and planning a huge re-development in the Denny Triangle neighborhood near its new headquarters that would include three 37-story towers. It is also on course to overtake Microsoft in terms of worldwide headcount, now employing 88,400 people worldwide.