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Analysts said if target retirement funds are offered to China's investors, the mutual fund industry as a whole would benefit as they add variety to market products. Such funds also are in investor interest and help investors understand the benefits of long-term investments.

And in New York City, data released Wednesday by the city's health department showed that Hispanics make up 34 percent of people who have died of the virus but 29 percent of the population. African Americans make up 28 percent of those who have died, but 22 percent of the population, according to the Department of Health and Mental Hygiene.

An opening ceremony was held Thursday morning for the two-day meetings at the Eisenhower Executive Office Building adjacent to the White House.

Andrew Miller, CEO of Dajia US, told China Daily: "We've been working so hard with so many people to develop this vision of the project. To have the opportunity to finally show that vision to the city and to the world is incredibly exciting and validating for all of us.

And the most immediate challenge is the impact of COVID-19 on the economy, which may lead to labor dislocation and slower growth in household incomes.