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As an expert in regional economy, Woodward has witnessed that Chinese investment, along with other foreign direct investment (FDI), has played a fundamental role in upgrading the economy in South Carolina.

As President Donald Trump on Monday urged Americans to avoid groups of 10 or more and to refrain from eating in restaurants, governors and mayors announced their own sweeping measures to contain the virus, amid stalled testing and a warning from the surgeon general that the US could face a situation similar to Italy, Europe's worst-affected country where there is a nationwide lockdown.

As a small state in its developing stage, Cambodia is in desperate need of support and investment from around the world, the two Cambodian scholars wrote in their research paper. Cambodia should embrace the BRI, since the project aligns with the kingdom's national development strategy, they added.

As a result of the partnership, UnionPay prepaid and debit cards with chip-enabled technology, will be issued, first into the Kenyan market and then extended into East Africa.

As for growth of the Producer Price Index (PPI), which measures costs of goods at the factory gate, Zhu predicted a month-on-month drop of 1.3 percentage points to 6.3 percent in April and a near-zero growth rate at the end of the year due to the high base effect.