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Ang forecast that the department might need to repatriate 400,000 Philippine workers this year as the pandemic weighs on the global economy. He also sees remittances falling by as much as billion this year.

Analysts said the approval of the first domestically developed anti-PD-1 treatment is a milestone for the Chinese biopharmaceutical industry and a leap in the overall competence of domestic companies.

Analysts have applauded China's new policy on the asset management sector that aims at curbing risks in the financial system by raising thresholds for entrants and strengthening regulations over nonstandard products.

Analysts said to fulfill the intended results and avoid market fluctuations, rules of new board need to be designed wisely.

Ancha underlined the importance of "pandemic-resilient" agriculture. Initiatives such as village revolving funds and payments for ecosystem services can be used to promote more environmentally friendly farming, he said.