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As most central banks' reserves are held in dollars, any shift into other currencies, such as the yuan, will come at the expense of the greenback.

As part of the .3 billion cash and stock deal announced Monday, Lore will continue to run Jet and he will also be in charge of Walmart’s e-commerce operation. Citing a source close to the situation,?Recode reports?that Lore’s deal with Walmart is for at least five years, an unusually long time for such an agreement. Usually,?the acquired company’s CEO is required to stay on for a timeframe closer to two or three years.

As of noon on Tuesday, 1,099 COVID patients, including 39 in critical condition, remained hospitalized, straining the occupancy rate of isolation beds, at a record high of 79 percent.

As of Monday, production capability of masks in China has been expanded to 110 percent of the normal level, according to data from the NDRC. Additionally, 80 percent of key companies in the non-ferrous metal sector have restored production, and those engaging in the refining business have reached 60 percent.

As one of the most popular summer fruits, known for its cooling qualities, watermelon consumption in Shanghai is huge, with the city producing an average of 27 metric tons of watermelon rind a day during summer last year, according to Zhu Longzhou.