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As growth slowed, demand dwindled and the days of cheap labor ended, the city's businesses had to evolve or perish. Some traditional industries still rely on intensive labor and if they do not change the way they operate, they might not survive.

As a dynamic trade format, cross-border e-commerce has become an important force in stabilizing foreign trade by the application of its advantages in online transactions, contactless delivery and shorter business procedures, said Li Kuiwen, a spokesman for the GAC.

As everyone knows, the outbreak started in Wuhan, Hubei province.

As firefighters were dying in Bolivia and new blazes appeared in Brazil, regional leaders signed an agreement to protect the rainforest, particularly from burning and illegal logging.

As a sign of the Mediterranean country's economic difficulty, the European Union pressured Rome earlier this week to further curtail its deficit.