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As the sheer volume of business going through the organizations that deal with disputes has increased phenomenally, it is natural to see an equivalent increase in disputes, said Gerard J. Sanders, general counsel of the AIIB.

As such, four long-term COVID-19 testing centers will be established in Hong Kong Island, Kowloon, New Territories West, and New Territories East, Lam said.

As the coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis more than a decade ago, more coordinated actions from central banks worldwide are needed to prevent a global recession, and China will have more space to ease monetary policy, said Ming Ming, an analyst at CITIC Securities.

As the core function of the FTZ is to stimulate domestic and foreign trade, as well as attract foreign direct investment, the government will come up with more flexible policies to not only benefit State-owned enterprises and giant foreign companies, but also ensure small and medium-sized companies from all countries can profit from this platform, said Zhang Hongguang, deputy director of Dalian area of the Liaoning FTZ.

As the latest addition to China's Free Trade Zones project, Chongqing plans to become a pivot in the country's go-west campaign－the national effort to develop the vast western regions, home to energy and mineral resources crucial to its future growth.