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As the pandemic so far is far worse than most people contemplated, "it means that many of the developing countries and emerging markets will be unable to pay what is owed. The initial response of the G20 was a stay, but the stay is not enough," said Joseph Stiglitz, a professor with Columbia University and a winner of the Nobel Prize in Economics.

As work and production resumed in the first half of this year, the country's import logistics demand has increased significantly, with imports of goods growing by 8.3 percent, four percentage points higher than the first five months of the year.

As public concerns have grown over the unquarantined animal products and their potential threat to health, Chinese authorities have taken the battle nationwide.

As the virus spreads, US citizens are waking up to a new reality, with store shelves stripped bare of essentials, schools closed and millions of jobs in jeopardy as businesses temporarily shut their doors.

As the group expands, it aims to increase its production of PBS, or polybutylene succinate. This is a key component for making biodegradable plastic bags and mulching films, which suppress weeds and conserve water in crop production.