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As the novel coronavirus is spreading worldwide, more overseas Chinese are heading back home.

As the global financial conditions have tightened abruptly with the onset of the COVID-19 pandemic, China can offer yuan liquidity to the global market, through expanded overseas investment, increased cross-border lending, increased imports and offshore yuan deposits, said Tu Yonghong, deputy director of the international monetary institute under the Renmin University of China in Beijing.

As the new project was initiated in cooperation with CRRC Yangtze Co Ltd, the first phase of the demonstration project is about 612 meters and is planned for trial operation in June next year, Qingdao Port said.

As the city strives to enhance its core functions and accelerate the construction of five centers - an international economic center, a financial center, a trade center, a shipping center and a science and technology innovation center - it creates a vast demand for cross-border legal services. "But the challenges are as enormous," Zhang said.

As tension continues, India's right-wing power as well as some organizations and individuals have called on Indians to boycott Chinese products.