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Grella leads economic development for Amazon Web Services,?the company’s cloud computing arm. He doesn’t have knowledge of —?or involvement with —?the HQ2 search. Amazon declined to comment on his remarks.

Greener economic path

Google's Kirkland campus

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Globally, Asia is still in recovery mode. Europe and North America, where confirmed infection cases are still rising, have been struggling with new travel restrictions. Overall, the overseas air travel market has recovered to only 40 percent to 50 percent of the pre-pandemic level, according to the International Air Transport Association.

Growth in the first quarter has provided opportunities for the government to advance structural reform, contain credit expansion and improve efficiency.

Globally, 120 million cars have been equipped with the faulty Takata airbags. The US has been by far the hardest hit, with at least 12 deaths out of the 20 recorded worldwide. So far, the defective airbags have not injured or killed people in China.

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Gu Mengyan and Luis Liu contributed to this story.

Greater trade and economic cooperation between Europe and China is therefore key to Premier Li Keqiang's six-day visit to Bulgaria and Germany, which began on July 5.

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Going forward, he says the group plans to expand into West Africa. It also wants to diversify into exports to China, focusing on the agricultural sector. This is in addition to focusing more on the engineering, procurement and construction sector.

Globally, the monetary easing environment has raised financial asset prices and facilitated debt accumulation, while fragility of the financial system is rising, the PBOC said. Against that backdrop, risk factors may lead to a rise in risk aversion and threaten financial stability, which can affect the global economy.