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Official data show that foreign direct investment into the Chinese mainland expanded 11.8 percent year on year to nearly 70.4 billion yuan in April.

In U.S. dollar terms, the FDI inflow stood at over 10 billion dollars, up 8.6 percent year on year.

Authorities say China's proactive fiscal policy will be more positive to soften the impact of the COVID-19 pandemic on the country's development.

Finance Minister Liu Kun says China will improve the quality and effect of its fiscal policy and ramp up counter-cyclical adjustments to cushion the economy against the epidemic, while continuing to fend off debt risks.

Liu calls for adhering to measures including increasing the government deficit ratio, implementing tax and fee reductions, and expanding government investments.

He stresses the need to ensure employment, while supporting micro, small and medium-sized companies and virus-hit sectors.

The minister adds that China will promote innovation and industrial upgrading, advance high-quality growth of manufacturing and keep the industry chain stable.

A group of Chinese medical experts have departed for Algeria to aid its fight against COVID-19.

They include 15 medics from Chongqing and five from Macao.

The experts will guide local pandemic prevention and control work. They will also have video conferences with eight other countries and provide medical training for them.

The city of Chongqing also donated medical supplies that include protective gear and medical equipment, which will arrive in Algeria along with the Chinese experts.

The northeast Chinese city of Jilin has adopted several extra stringent measures to curb the spread of the COVID-19 pandemic.

It came after Shulan, a county-level city administered by Jilin, recently reported multiple domestically transmitted COVID-19 cases.

The measures include suspending all coach and tourist charter bus services and applying closed-off management to all the city's residential communities and villages.

New Zealand has unveiled a record fund in its budget to restore an economy hit by the coronavirus pandemic.

The massive spending includes billions on infrastructure, healthcare, housing and an extension of its wage subsidy scheme.

New Zealand Finance Minister Grant Robertson explains:

"Through this budget we are establishing the $50 billion COVID-19 response and recovery fund. This fund builds on top of the initial $12.1 billion package and the $12 billion New Zealand upgrade program that we announced in January."

New Zealand has reported no new COVID-19 cases for three consecutive days. The total number of confirmed and probable cases remains under 15 hundred.

The Japanese government is holding a coronavirus task force meeting to get experts' approval on a plan to lift an ongoing state of emergency in most areas ahead of schedule.

Prime Minister Shinzo Abe declared a month-long state of emergency on April 7 in Tokyo and six other urban prefectures and later expanded it to the whole country through May 31.

Twitter's CEO Jack Dorsey has told employees they can work from home permanently, even after the coronavirus pandemic is over.

Most of the company's employees at its San Francisco headquarters have been working remotely since two months ago.

Business trend analyst Silvina Moschini says the pandemic has brought about a new normal that people need to adapt to.

"I think that COVID brought a massive acceleration, culturally wise much more than technology wise, to help us change our minds and realize that we can do many things that before we did not know are even possible."

Employees at other big tech companies such as Facebook and Google have also been working remotely with plans to move back to offices.

  原文地址:http://www.tingroom.com/lesson/crizggjgbdt2020/507390.html