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Around 170 volunteers out of 43,000 people in the trials contracted COVID-19 but 162 were given a placebo, meaning the vaccine was 95 percent effective, the company said. Of the 10 people who had severe COVID-19, one had received the vaccine.

Around 200 businesses from Hong Kong are showcasing their products and services at the second China International Import Expo held in Shanghai, including industries of service trade, medical equipment, healthcare and agricultural products, according to the China International Import Expo Bureau.

Argentina's 25 percent-plus inflation has left many struggling, and hundreds took to the streets in noisy protests around Buenos Aires on Monday.

Applicants of projects such as Ocean Flower Island in Danzhou and Ruyi Artificial Island in Haikou, will have to conduct sea-use verifications. And those government officials who were found to have violated the law in those cases will be punished.

As Lance explained, small and medium-sized enterprises in the private sector are likely to account for the most layoffs this year, which is largely due to the difficulty in financing. Some larger companies will downsize their head count this year as they may have expanded faster than they should over the past few years, he said.