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May also hailed the pledges made by Xi to further open up China's economy in a keynote speech at the Boao Forum for Asia Annual Conference 2018 held in China's southern island province of Hainan.

Meanwhile, inflation has exceeded the targeted 2 percent in many developed economies. Further increases in prices could force central banks to be more aggressive in raising the cost of money. After all, fighting inflation has remained the primary function of central banks.

Mayor of Los Angeles Eric Garcetti attends a protest against the death in Minneapolis police custody of George Floyd, in Los Angeles, California, US, June 2, 2020. [Photo/Agencies]

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Meanwhile, Wednesday was the deadliest day ever since the onset of the pandemic for the United States, with daily deaths surging to 3,656, the CSSE chart showed.

Meanwhile, Airbus now also delivers one A330 airplane a month from its A330 completion and delivery center in Tianjin, the company's first widebody completion and delivery center outside Europe and launched in September 2017.

Meacock said Deloitte identified a huge range of opportunities for foreign companies in China, as the country has been transitioning to a more consumer-based economy from an infrastructure-driven one over the past five years.

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Meanwhile, a number of projects in fields such as transportation, gasoline and natural gas, and telecommunication, will be promoted to attract private investors. These projects should have clear return prospects and potential.

Meanwhile, routine central and local environmental inspection campaigns have urged authorities and businesses not to lose momentum in pollution control.

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Meanwhile, 10 days ahead of the first Dublin to Beijing route, Cathay Pacific is to launch a new direct Dublin-Hong Kong service four times per week, starting on June 2.

Meanwhile, UK Cabinet Secretary Mark Sedwill has written to members of the National Security Council to inform them that an inquiry has been launched to determine who leaked information from a classified meeting to The Telegraph.