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Rubble are seen at a property damaged by bushfires in Kangaroo Valley, Australia, Jan 20, 2020. [Photo/Agencies]

Rupert Hoogewerf, founder and chief researcher at the Hurun Report, said Tencent and Alibaba's ambitious outbound investment reflected the entire process of learning, replicating, growth and innovation of Chinese privately-owned enterprises.

Rob Lilleness

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Results of the evaluation show that 64.1 percent of companies were satisfied with policies that helped widen market access for private investors, while 62.5 percent were happy with government efforts that brought greater efficiency to the private investment process, he said.

Rockford Weitz, professor of practice and director of the maritime studies program at Tufts University's Fletcher School, said, "I think China's Arctic policy shows a very good understanding of the intersection of environmental, scientific and economic issues, and it's smart to put the environmental and scientific issues at the forefront of policy."

Risks of trade war

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Responding to these announcements, the benchmark Shanghai Composite Index gained 0.43 percent to close at 2527.01 points on Monday. The Shenzhen Component Index went up 0.75 percent to close at 7392.56 points.

Robin Xing, chief China economist with Morgan Stanley, said that policymakers should focus on stimulating demand by introducing a special deficit for fighting the epidemic which would not be bound by the official fiscal deficit target. The government could raise funds for the deficit by issuing special government bonds.

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Ruan Chuansheng, a criminal lawyer who studied international judicial cooperation in Shanghai, agreed. Based on his past research, when a non-Japanese person is involved in a crime in Japan, the country will not repatriate the person it is investigating, regardless what kind of visa is carried, Ruan said.

Richard Nixon Presidential Library and Museum is presented with a painting by Chinese artist Liu Zhong (fourth right) featuring giant pandas Ling Ling and Xing Xing, the panda pair China sent to the US after later US President Richard Nixon's ice-breaking visit in 1972, in California on Sunday. [Photo provided to chinadaily.com.cn]