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As the pandemic so far is far worse than most people contemplated, "it means that many of the developing countries and emerging markets will be unable to pay what is owed. The initial response of the G20 was a stay, but the stay is not enough," said Joseph Stiglitz, a professor with Columbia University and a winner of the Nobel Prize in Economics.

As the current wave of outbreak would likely last for at least several weeks or longer and there may also be a winter surge later in the year, postponing the election for a year is not "disproportionate" as claimed by the five foreign ministers, the spokesman said.

As soon as the epidemic reaches an inflection point, the capital market will also rebound and truly reflect the economic outlook, he said.

As the trade tension escalates between China and the United States, US experts are calling for negotiations to settle the disputes.

As the eastern departure point of the ancient Silk Road that connected Eurasia trade centuries ago, Xi’an, once called Chang’an in its imperial past as an ancient capital, is home to numerous historic relics, including the must-see Terracota Army, a World Heritage Site.