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As the coronavirus pandemic has become a "moment of truth," which reflects both the governance capability of countries and their attitude toward people, Novikov is impressed by the Chinese government's response to the crisis.

As the sentencing phase in the trial of Brendt Christensen entered its second day on Tuesday, videos of murdered scholar Zhang Yingying's family and friends were shown, and her parents and boyfriend testified, bringing emotional moments to the federal courtroom in Peoria, Illinois.

As the BRI moves into its next phase, China will seek partners in the developed economies of Europe and elsewhere to shore up critical gaps in expertise and capital. This new phase will be defined by multilateral initiatives rather than solely China-led projects, with an emphasis on developing people-to-people bonds, Chao noted.

As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country, adding funds to the money market.

As the world enters the era of big data, the establishment of the ministry will also help in integrating and applying emergency-related data, said Wang Yukai, a professor at the Chinese Academy of Governance.