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As a strand of the global New Silk Road, China is also building a 926-km railroad from Tehran to the eastern city of Mashhad, Iran's primary pilgrimage site which attracts tens of millions of visitors each year. Construction of the electrified railway by China National Machinery Import and Export Corporation, also a State-owned enterprise (SOE) , is expected to take up to four years. Once completed, it will reduce the journey from 12 hours to 6 hours and increase transportation capacity to 25 million passengers and 10 million tons of cargo per year.

As a result, the Federal Open Market Committee (FOMC) is likely to leave the federal funds rate at its current target level of 1.50 to 1.75 percent. The rate determines what banks charge each other for overnight lending, but also affects the cost of consumer debt and therefore influences spending.

As a leading global healthcare company powered by advanced therapy platforms and data science, Novartis is committed to innovative science, exploring the use of technology to provide new treatment options for patients, and developing strategic partnerships with the health technology ecosystem. Such collaborations allow the company to combine cutting-edge technology and expertise with its own scientific experience and know-how to accelerate and scale its digital transformation, according to a company press release.

As a convenient way of purchasing, online consumption filled the gap of outdoor consumption when people stay at home for quarantine due to epidemic control, making consumption move from offline to online and leading to a significant increase in online consumption in Q1.

As bank's first chief economist, Li will play a leading role in the bank's overall operations in research and analysis of economic, financial, infrastructure and development issues across member countries, the statement said.