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As the pandemic so far is far worse than most people contemplated, "it means that many of the developing countries and emerging markets will be unable to pay what is owed. The initial response of the G20 was a stay, but the stay is not enough," said Joseph Stiglitz, a professor with Columbia University and a winner of the Nobel Prize in Economics.

As the second largest timber consumer worldwide, China is seen as a pivotal potential market for the woodworking sector, leading an array of businesses to look toward the country's wood industry.

As the company is cutting excess production capacity, more than 20,000 workers have to be transferred to other posts. The country will remember the workers' contribution, their legal rights will be ensured and no one will lose their job, Li told workers.

As some sites continue to show signs of Amazon.com’s cloud computing glitches, the company updated its public Amazon Web Services Health Dashboard a short time ago to say that it’s “starting to see more meaningful progress in restoring volumes” in the area of its Elastic Cloud Compute (EC2) service that has been suffering problems since early yesterday.

As the cold air moves towards the east, snow and sleet will engulf the eastern part of Northwest China, central and eastern parts of Inner Mongolia autonomous region, and the northern part of North China and Northeast China from Wednesday to Saturday, it added.