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The cooperative next to Li's company can process 200 metric tons of processed products a year and accounts for nearly 40 percent of the company's online sales, said Qin Yuandong, who runs the cooperative. The cooperative offered jobs for 50 local villagers, including 15 people from poverty-stricken households, he said.

The country produced 340 million tons of raw coal last month, up 1.4 percent from October in 2019, according to data from the National Bureau of Statistics.

The council suggests the government set a clear entry condition for the participants of V2G and come up with more policy stimulus and financial support, along with clarifying revenue-sharing methods of EV manufacturers, motorists and grid operators.

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The country welcomes Chinese companies' greater involvement in those areas of cooperation, such as infrastructure, agriculture and fisheries, Botelho said.

The consensus belief, at least hope, is that the Fed's extreme expansionary policies will rescue the US economy, at least until the next crisis. However, well-known mainstream economist Stephen Roach, now a faculty member at Yale and former chairman of Morgan Stanley Asia, last month predicted that the dollar will fall 35 percent by early 2021, adding credibility to those who fear that the dollar-based financial system will not survive this crisis.

The conference was sponsored by the China-Africa Institute and the African Union Commission and organized by the commission's Department of Economic Affairs and the Bureau of International Cooperation of the Chinese Academy of Social Sciences.

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The country also announced plans to lower value added tax for rail freight on Monday.

The consumer price index growth stood at 1.4 percent in July from a year earlier, compared with 1.5 percent in June, the National Bureau of Statistics said on Wednesday.

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The country is now the world's largest producer and importer of fossil fuels. At the same time, it has kept enhancing efforts on cutting emissions, improving effciency and making its energy structure greener.

The country has set a goal to complete the building of a "moderately prosperous society" in all respects by 2020, which requires the eradication of extreme poverty.