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"Fiscal policy must play a central role in mitigating the social and economic impact arising from the COVID-19 pandemic while at the same time providing the needed impetus to achieve a reactivation of economic activity that would help steer the region towards sustainable and inclusive development in a post-COVID-19 world," the United Nations agency said in its latest report.

"GAC Honda will purchase a 100 percent stake in Honda Automobile China from the public market and via equity transfer agreements, and will rebuild and upgrade the automobile manufacturer through self-financing," GAC Honda announced in a filing to the Shanghai Stock Exchange on Dec 15.

"Having a child has put a lot of strain on the family budget," said Ma Xin, who has a 4-year-old daughter and lives in Dongcheng district of Beijing. Expenditures on the daughter account for nearly half of the couple's monthly salary.

"Green development is an international trend, which cannot be reversed. China will develop green finance to transform its development model as a responsible country. It also meets the internal demand for China's economic development," Chen said.

"Fosun was the first Chinese enterprise to contact the German Embassy and offer a helping hand. It is good to see the bonding between China and Germany still going strong in crisis," he wrote.