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As key high-level meetings take place between China and Africa, consideration must be made for the importance of e-commerce fostering cooperation toward meeting the continent's developmental objectives, especially because of the ability of e-commerce to fast-track certain elements of the process of economic expansion.

As of the end of June, PSBC had granted small loans worth a total of 1.54 trillion yuan (4.26 billion), and each loan was about 70,000 yuan on average. The balance of its small poverty alleviation loans reached nearly 7.5 billion yuan, up by more than 29 percent from the beginning of this year.

As part of the collaboration, Panacea Biotec will be responsible for product development and commercial manufacturing, with the Joint Venture undertaking clinical development and regulatory submissions across the World. Both Panacea and Refana will undertake sales and distribution of the vaccine in their respective territories, the statement said.

As of Thursday morning, nearly 1,300 Covid-19 patients in New York state were in intensive care units, most of them on ventilators, Governor Andrew Cuomo said at his daily morning news conference. That number had jumped by 45 percent from the day before, he said.

As of the end of June, the number of migrant workers leaving the countryside for jobs in cities stood at 178 million, up from 122 million at the end of February and reaching over 97 percent of the number recorded last June, according to data released by the Ministry of Human Resources and Social Security and the National Bureau of Statistics.