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As the Chinese yuan is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by a trade surplus and foreign investment in the country, adding funds to the money market. Such funds are an important indicator of cross-border foreign capital flows and domestic yuan liquidity.

As the coronavirus spreads, surgical masks, medical equipment and daily necessities have been in short supply in more and more economies, and some of them have turned to China for help. In this time of crisis, China's strong manufacturing and supply capacity has assumed greater importance.

As well as learning how to cut each piece evenly and to the same size, Niu also had to be taught how to debone the chicken properly. "Even the bones in the neck have to be cut cleanly," he says.

As the Chinese Ambassador to the UK, I regard it as my mission to enhance mutual understanding, mutual trust and cooperation between China and the UK, and to tell the story of the real China to the people of the UK and of the world.

As regards future development, the central government authorities have indicated ambitious plans for Hong Kong’s prosperity in the Greater Bay Area. Apart from being a financial center, it will also play a leading role as an innovation and technology hub, with assured prospects. To alleviate housing shortages, Lam has announced major housing projects in the Lantau area, which will supplement those already envisaged for the North East New Territories. If, moreover, Hong Kong can demonstrate that it is willing to discharge its responsibilities to the rest of the country, and that it can leverage on its unique status under the Basic Law, there is no reason why democratic development should not resume, with our current way of life hopefully continuing beyond 2047. If, however, it chooses to squander its many advantages, it will have only itself to blame.