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Analysts at UBS expect gold prices to touch ,000 per ounce before the end of the year, driven higher by low US interest rates, a weaker dollar, coronavirus concerns and tension between the United States and China. It also forecast gold price for 2021 end-June at ,900. In the shorter time horizon, it sees a number of uncertainties that will help elevate the prices.

Andre Javes, president of Toys 'R' Us Asia Ltd, said the company is open for business and continuing to serve its customers.

And a number of new innovation centers, key State laboratories, research and development centers and scientific research institutions will also be set up in the city to help realize its goals.

Analyzing the reasons behind the weekslong anti-government protests, Tung said that due to the long-term impasse in livelihood issues such as housing problems and a widening income gap, some young people could not envision their future and thus choose to vent their anger through "street politics".

Analysts believe Suning's rapid growth in the first half of the year was underpinned by continued investment in its core retail business. The Fortune Global 500 company has acquired the 37 nationwide stores of Wanda Department Store and an 80-percent equity stake in Carrefour China in 2019.