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As part of its reorganization, the 118-year-old company said late Friday it will be shuttering some stores. It said the stores will close in phases throughout the Chapter 11 process and details of the first phase will be disclosed in the coming weeks. Penney is the biggest retailer to file for bankruptcy reorganization since the pandemic and joins luxury department store chain Neiman Marcus, J.Crew and Stage Stores. Plenty of other retailers are expected to follow as business shutdowns across the country have evaporated sales. In fact, U.S. retail sales tumbled by a record 16.4% from March to April.

As of Sept 3, 18,000 companies, 33 international organizations from 148 countries and regions, and 110 overseas trade associations had registered to take part in the event.

As international oil prices increase, the retail prices of gasoline and diesel will rise by 55 yuan (about .75) and 50 yuan per tonne, respectively, according to the National Development and Reform Commission (NDRC).

As of September, 49,000 new companies had been registered in the FTZ. Of these, about 8,940 foreign-funded enterprises had been launched, attracting investment worth more than billion.

As of Friday, the production capability of masks in China had been restored to 73 percent of normal level, among which the utilization rate of medical masks production capacity had reached 87 percent. And 94.6 percent of food production and processing enterprises in China have restored production, Chen said on Sunday at a press conference of the joint prevention and control mechanism of the State Council in Beijing.