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In-person classes were suspended in March due to the novel coronavirus pandemic.

In view of the strong growth momentum, major international institutions, including the International Monetary Fund, the World Bank and investment banks, have raised their forecasts for China's growth this year.

Increased competitiveness in the industry will help in the promotion of large scale and automated production, the merger of small companies, and encourage domestic companies to buy or develop farms overseas to reduce costs, for example for improved technology or land.

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Industry experts said energy efficiency in electric power is maximized through technology and there is still a lot of room in that field.

Increased investment in technology research has also helped boost Ehang's business at home and abroad. The Guangzhou-based drone maker announced early this year a partnership with the Dubai government for the use of its Ehang 184 passenger drone in the city's smart transportation system.

Industrial experts also recognized the significance of intelligent connected vehicles, but said there are still problems yet to be solved.

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Infrastructure development has been a cornerstone of the Asia-Pacific region's successful growth and development strategy. A preview of what will follow the COVID-19 relief and recovery efforts can locate opportunities out of the crisis.

In the women's group, Naomi Wambui Muriuki of Kenya was crowned with a time of 2:50:23, followed by Chinese runner Wu Liping in 3:16:04.

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Industry competition was characterized by the top firms improving and weaker firms falling further behind last year, according to McKinsey. The top 10 securities firms contributed the majority, 70 percent, of industry profit in the first half of last year. The combined profit of the weakest 81 firms was negative during the first six months of 2018.

In this desperate situation, new Federal Reserve chairman Paul Volcker, who died recently, sharply raised interest rates, causing what was by far the steepest recession in post-WWII US history. Many businesses failed and unemployment rose steeply. Many people lost their homes because of the incredibly high interest rates, which reached 18 percent on home mortgages. Only very stimulative fiscal policy and large tax cuts saved the country from greater disaster.