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"China has already taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors, as well as introducing the first new negative list for cross-border service trade in the China (Shanghai) Pilot Free Trade Zone last year to offer global companies more access," said Bai Ming, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.

"China back then, and China today, are very different worlds."

"China is one of the world's most important education markets. This is why we launch the product first in China. With the country's surging demand for STEAM talents, we hope to establish a new educational ecological system. In the future, we will develop more courses and introduce more STEAM educational products in the coming years," said Masaaki Isozu, CEO of Sony Global Education.?

"But, for small banks like us, even with one single case of default, it would spell doom for that year," she said.

"China has thus far achieved a significant victory with regard to tackling the novel coronavirus. However, there are two major risks that are blighting the growth recovery. External demand has been falling as the epidemic is spreading to more economies, while chances of a potential second wave of infections within China are also rising," said a research note from Japan-based Nomura Securities.