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As countries worldwide are at different stages of recovery from the pandemic, and the situation varies from one to another, Rolls-Royce said it is staying flexible and taking measures to adapt to the change. It will dramatically reduce its spending this year to strengthen resilience. It is also adjusting capacity to match reduced demand in the civil aviation market.

As a 5,000-year-old civilisation that has famously contributed, among numerous ideas and innovations, the "four great inventions", a phrase coined by British sinologist Joseph Edkins to refer to paper-making, the compass, gunpowder and movable-type printing, China has continued to make major breakthroughs in innovation in modern times. Since the founding of the New China, especially since reform and opening up, China has contributed most notably artemisinin (anti-malaria medicine), synthetic insulin and hybrid rice, and is leading the world in the new round of scientific revolution featuring artificial intelligence, electric vehicles and 5G communication technology.

As a result, the University of San Francisco (USF) has only 120 freshmen from China this semester, compared with 600 to 700 in 2018, according to Stanley Kwong, an adjunct professor of business at the university.

As for its main line of business, BYD commands a market share of more than 20 percent in Europe's pure electric bus segment, ranking first among its peers.

As a result, "e-commerce has rebounded, which sustains the economy. In the context of a pandemic, that is spectacular," he said.