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"Economic history clearly shows that trade wars not only hurt global growth, but they are also unwinnable," said Lagarde.

"Different age-groups can be seen online and offline. This makes offline stores a strong complement to online services," said Zhang.

"Every member state referred to the catastrophic consequences of this disease in their remarks. There was clear recognition that a disease that ignores global borders requires a solution that delivers for us all. And that we all experienced challenges arising from the pandemic," said the UNGA president.

"Dual circulation" is a choice for China to cope with rising challenges from domestic and global economies. Besides internal circulation centered on the domestic economy, external circulation will help China's domestic economy further integrate with the global economy and achieve higher-quality opening-up.

"Fed funds futures are pricing in a 100 percent chance of a 50-basis-point rate cut at the Federal Open Market Committee's March meeting," said Khan, adding that Goldman Sachs said Sunday it expects rates to come down another 50 basis points in the second quarter.