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An updated model forecast by the Institute for Health Metrics and Evaluation at the University of Washington projected a total of 470,974 COVID-19 deaths in the United States by March 1, 2021, based on current projection scenario.

And the multiple contracts Huawei signed with global mobile operators during the MWC Barcelona held between Monday and Thursday also show the active role of Huawei in promoting the 5G development globally through cooperation.

Analysts said the tertiary industry, accounting for over half of China's GDP last year, has served as the ballast stone for a stable job market as services, mainly labor-intensive sectors, are more effective in creating new job opportunities than the traditional secondary industry.

Analysts say the new rules will benefit China's NEVs industry, prompting auto manufacturers to upgrade technology to meet the subsidy requirements.

And China still has many cards to play. It could, for instance, consider targeting the cross-border service trade in which the US enjoys a huge surplus with China. And US multinationals in China, which have pocketed tremendous profits in the world’s largest consumer market and account for a major part of China’s nominal trade surplus with the US, could also be a target if the Trump administration announces further tariffs targeting Chinese goods.