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Antonio Villafranca, research coordinator and co-head of the Europe and Global Governance Centre, Italian Institute for International Political Studies, speaks via video at the Global Think Tank Webinar -"Stronger together: Global recovery from COVID-19" in Beijing on July 29, 2020. [Photo by Feng Yongbin/China Daily]

Apart from policies to reduce taxes and fees unveiled at the beginning of the year, China has announced more policies to support the real economy and technological innovation, which will help reduce enterprises' burden by more than 1.3 trillion yuan this year, Liu said.

Anthony Fauci, the US top infectious disease expert, warned on Monday that the country is "still knee-deep in the first wave" of the pandemic and the US handle of the outbreak is "really not good".

Apart from the support of the technologies, designs and investments, CSCEC's working with local construction companies and sources for raw material and large equipment supplies to jointly build the new CBD also means the project is helping to provide thousands of job opportunities for the local economy and promote its development.