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As he left meetings with Senate leadership, Treasury Secretary Steven Mnuchin said he was seeking a "big number" for additional economic stimulus legislation to counter the virus' impact.

As a saying goes, "When the wind is at our back, lose no time in setting sail." In the face of a great opportunity to deepen China-CEEC cooperation, I hope business leaders from both China and CEE countries will work in concert to open up new prospects for China-CEEC economic and business cooperation.

As enterprises falter in meeting their expenditures amid crumbling revenues, they face an array of possible legal action from creditors, such as their own employees, landlords, customers and other associated parties. Lawsuits, including bankruptcy and insolvency proceedings, would ensue if the legal challenges are not handled properly.

As electric vehicles gain in popularity in China, there emerge many startups and job changes are becoming more often for employees in the segment, increasing the possibility of disputes, they said.

As a result, almost all of the households borrow money from other people if they cannot find workers and suppliers who are willing provide labor and materials on credit.