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"For new product launches in China, we are moving from 'intuition-driven readiness' to the employment of data that depicts the clear preferences of customers," said Kao, under whose leadership the group has seen nearly 30 percent of revenue generated through online channels.

"For those who don't live in China, they don't understand how vast the implications are if American companies aren't allowed to use it," Craig Allen, president of the US-China Business Council, was quoted by The Wall Street Journal as saying. "They are going to be held at a severe disadvantage to every competitor."

"For the time being, offshore yuan in Hong Kong has been mostly used in the financial investment area, limited to stores, companies and banks. The digital yuan may expand the use of the currency into more scenarios closely linked with ordinary people's daily lives, offering a solution to a lack of liquidity and inadequate use of yuan in the city," Chen said.

"Gold prices may continue to fluctuate as the downside is supported by costs and the ongoing uncertainty over global economic growth, geopolitical troubles and inflationary pressures, while the upside is limited by modest supply growth and further (interest) rate hikes," she said.

"Going forward, this pandemic will only make us stronger and also grant us the ability to share expertise between Fiji and China," said Waqainabete, as quoted on a government website, expressing his gratitude to China's assistance in the South Pacific island nation's fight against COVID-19.