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"Despite the RMB/USD depreciation, the RMB was broadly stable against the basket and depreciated in real effective terms by about 2? percent since the last Article IV. Estimates suggest little FX intervention by the PBOC (The People's Bank of China)," the report said.

"Defund the police", a rallying cry from protesters angry at George Floyd's death in Minneapolis police custody two weeks ago, seemed to have hit a wall at the White House and on Capitol Hill on Monday, as Democratic lawmakers proposed sweeping legislation to combat police violence and racial injustice.

"Enquiries are ongoing to establish the full circumstances. There has been no arrest at this stage," the police said.

"Digital exposition will no longer be a supplementary but a 'musthave', with the accelerated digitalization of the industry set to stabilize foreign trade," said Rita Zeng, vice-president of Tencent Cloud.

"Despite China's effective efforts of epidemic control and prevention, the spread of the virus across the globe makes it difficult to predict the magnitude of its impact on both China and the global economy." Gao told a news conference in Beijing, adding that there's tough work ahead.