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An analysis from RBC Capital Markets last week concluded that the COVID-19 crisis will lead to a permanent consumer purchasing shift with online groceries, and that Amazon’s online grocery arm could produce billion in gross merchandise volume by 2023, up more than 3X from 2019.

An international ice sculpture competition kicked off on Sunday at Harbin Ice and Snow World in Northeast China's Heilongjiang province. The competition, attracting 14 teams from China, the US, Spain, Russia, Mexico and Mongolia, will end on Thursday. Unlike other competitions, competitors work on 12 blocks of ice to present their ideas, which call for higher standards for the sculptors' skills.

An Conghui, president of Geely, said the joint venture will help Geely improve its research and development and manufacturing capacity in the advanced powertrain field.

An epidemic has claimed 908 lives and sickened at least 40,000 people on the Chinese mainland since its outbreak in Wuhan, Central China's Hubei province, in December, according to the National Health Commission's latest data.

Among these factors are financial markets becoming more volatile toward year-end, financial conditions proven less supportive of growth than they were earlier last year, as well as slowing growth in some major economies, according to Powell. "We will carefully monitor these issues as they evolve."