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As the US dollar is still facing depreciation pressure, Sheng said the COVID-19 epidemic recovery offers an opportunity to accelerate yuan internationalization as several foreign investors are searching for financial products with steady value to avoid foreign exchange fluctuations. China, one of the countries that has controlled the pandemic at an early stage, has shown resilience in its economic recovery and the same will help strengthen its currency, he said.

As the Pyongyang Declaration was mostly about ways to implement the Panmunjom Declaration, which Moon and Kim signed in their first summit in April in the border village of Panmunjom, the Pyongyang Declaration does not require the parliamentary ratification, according to the ministry.

As the world faces a second wave of infections, hopes are being placed on the development of vaccines. The ASEAN Regional Reserve of Medical Supplies was officially launched recently during the 37th ASEAN Summit.

As the China-propsed Belt and Road Initiative (BRI) continues to provide development momentum for Egypt, President Sisi stressed that the Suez Canal Corridor was the suitable area for Sino-Egyptian cooperation.

As the automobile becomes more of a player in the digital world, that dynamic is attracting participants from China, the US, Europe and elsewhere. Because of the global nature of the market, some of those participants are seeking and finding opportunities with each other.