Chinese State Councilor and Foreign Minister Wang Yi said "today's China is not the former Soviet Union" and accused the U.S. for attempting to start a Cold War.
A private survey of China's services sector in July showed a slower expansion as compared to the previous month, according to Reuters. The Caixin/Markit Services Purchasing Manager's Index came in at 54.1, lower than June's reading of 58.4.
Taiwan appears to be distancing itself from China in recent months, as military activities around the island intensify amid heightened U.S.-China tensions and the coronavirus pandemic.
The three largest Singapore-listed banks are expected to report another quarter of lackluster financial results due to the coronavirus pandemic and ultra-low interest rates globally.
New York Gov. Andrew Cuomo is scheduled to hold a press briefing on Monday as the state continues with its reopening plan amid outbreaks in other parts of the nation.
A private survey released Monday showed China's manufacturing activity expanded in July. The Caixin/Markit manufacturing Purchasing Manager's Index came in at 52.8 for July, above expectations for a reading of 51.3 by economists in a Reuters poll.
Data released Thursday by the U.S. government showed GDP dropping 32.9% in the second quarter — the worst drop ever, with the closest previously coming in mid-1921.
As air carriers worldwide are caught in a "race against time" while trying to stay afloat as global travel is nearly completely wiped out, Singapore Airlines appears to be better positioned than its peers, says Brendan Sobie of Sobie Aviation.
Stricter social-distancing measures imposed after a flare up in coronavirus cases will dampen prospects of an economic recovery in Hong Kong, some economists said.
Read the latest stock market news and analysis on Asia Pacific in regions from Japan, China, Singapore, Australia, to New Zealand. Find business; finance; economy, stocks, and global economy news on CNBC's Asia Pacific page.