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As a low-interest-rate environment compelled investors to make riskier investments, the share of debt owed by firms with weak debt repayment capacity has risen to a "sizable" level in several major economies, and could reach post-global financial crisis levels in the event of a material economic downturn, the IMF said.

As a responsible developing country, China will continue to shoulder its international responsibilities commensurate with its economic development, Gao said.

As a measure of government intervention, Bovis said, "The anti-mask law appears to be necessary to maintain law and order in a system which has not experienced such levels of unrest." And "it is not unreasonable to justify the principle of transparency and accountability during the exercise of the freedom to protest and demonstrate".

As another follow-up measure to Moon's initiative, the ROK Red Cross proposed to its DPRK counterpart holding humanitarian talks on Aug 1 at the Peace House, a building in the ROK side of Panmunjom.

As an active supporter of the Belt and Road Initiative, Pakistan has completed several early projects under the China-Pakistan Economic Corridor, a flagship project of Belt and Road cooperation between the two countries.