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As the global economy faces a gloomy future, he said, the crisis will force the city's companies in traditional industries to dip their toes in emerging industries and make them think about how to keep their own competitiveness with advanced science and technology.

As we detailed yesterday, tech execs like Bezos, Zuckerberg, Apple’s Tim Cook, Microsoft’s Satya Nadella, Alibaba’s Jack Ma, and 24 other executives gathered in Redmond, Wash., to meet with China President Xi Jinping at the conclusion of?the eighth annual U.S.-China Internet Industry Forum. It was a rare gathering of some of the most powerful people in the tech industry — Bill Gates was also in the room — who traveled from across the globe to Microsoft’s campus this week in the Seattle region where President Xi has spent the past three days.

As the pandemic dealt a double blow on economic and financial fronts, the international community has largely reached a consensus: The global economy is heading for a recession this year, the degree of which may be as deep as the 2008-09 financial crisis, if not worse.

As pork supply increases, pork prices will stabilize, so will the prices of some other food products that are affected. Consequently, there is no need to worry about a hike in consumer product prices in the long run. The current rise in consumer prices is only a temporary market disruption, rather than inflation.

As the 560 year-old Guangfu Taoist Temple reopened on Tuesday after a year long renovation, it gave 1,500 square meters of its floor space to an exhibition of Beijing's folk art.