Once operational, the project with an annual power output of 467 gigawatt-hours will provide power to the Addis Ababa-Djibouti railway, the Dire Dawa Industrial Park and the Republic of Djibouti and will also ensure stable and sufficient power for the Addis Ababa-Djibouti Economic Corridor.

Chen Zilei, director of the Japanese Economy Research Center at Shanghai University of International Business and Economics, agreed, saying the emerging IT sector is in dire need of international regulation.

The dire situation has also caught the attention of the Chinese government.

"The duo is both in dire need of fresh development, which, I believe, will push the two sides to quickly roll out follow-up measures to implement the deal. "

ADDIS ABABA - A cornerstone laying ceremony was held on Tuesday in Ethiopia's eastern city, Dire Dawa for a textile plant that will be built with an investment of $220 million.

Dire Dawa mayor's office said Chinese firm Wuxi No 1 Cotton Mill will build the textile plant which will lie on 40 hectares of land.

The plant will be located inside Dire Dawa Industrial Park (DDIP) that is currently being constructed by China Civil Engineering Construction Corporation (CCECC).

The textile plant's cornerstone laying ceremony was held in the presence of Liu Yu, economic and commercial counselor at the Chinese embassy in Ethiopia and Ibrahim Usman, mayor of Dire Dawa city administration.

It was also his dire desire to go back to nature that inspired him to start his hospitality brand, or more precisely a retreat of his own from the hustle and bustle of Shanghai where he used to work as a consultant, back in 2007.

The two industrial parks are the Dire Dawa Industrial park 446 kilometers east of Ethiopia's capital city Addis Ababa and the Adama Industrial Park 99 km east of Addis Ababa.

Dire Dawa Industrial Park and Adama Industrial parks are both being built by China Civil Engineering Construction Company (CCECC) at a cost of $190 million and $125 million respectively.

After the Hawassa industrial park, the government has further embarked on the development of similar parks in Kombolcha, Mekele, Kilinto, Bole Lemmi II, Dire Dawa and Adama among others, of which Mekele and Kombolcha industrial parks will be inaugurated soon.

Wang added that Caixin's manufacturing PMI for June also points to issues such as an increasingly dire job market, rising deflationary pressure and waning optimism.

"Currently, stabilizing employment, increasing incomes and bolstering expectations through a proactive fiscal policy should be prioritized given the dire job market and mounting deflationary pressure.

With China introducing fresh policy measures to stimulate exports and support domestic companies' industrial upgrade, as well as make better use of bilateral and free trade agreements to sustain its economic growth this year, Ding no longer has a dire need to travel abroad.

In addition, the government will further improve tax and fee reduction policies, with a focus on giving support to micro, small and medium-sized enterprises, self-employed businesses and industries in dire straits, Liu said.

The challenges include the lingering Ukraine crisis, the rocky future of global trade, dire problems in food and energy security and a possible stagnation of the world economy, he said.

Expanding consumption is another focus in dire need of attention.

Anhui Ronds Science & Technology, an industrial internet solution provider, was founded in 2007 and experienced dire setbacks in its initial years mainly due to the 2007-09 Global Financial Crisis.

Grain shipments through Black Sea ports have already been halted, with potentially dire consequences for food security in poor countries.

We were in dire need of the money," she said, citing the expenses of rent and raising two kids.

Talking about the situation in Afghanistan, Qureshi said there is a dire humanitarian crisis looming which has consequences not only for the people of Afghanistan but also the region and beyond.

Li said that thanks to people's endeavors and persistence, and their devotion to entrepreneurship and innovation, the nation has made great economic achievements while facing dire circumstances.

Gopinath noted that even though the estimated collapse of the world economy is somewhat less dire than previously projected owing to stronger-than-expected growth in the second half of last year, it remains the worst peacetime global contraction since the Great Depression of the 1930s.

In a massive achievement, the goal of raising everyone out of this very dire poverty will be reached before the year-end.

Eswar Prasad, a professor of economics at Cornell University, also told CNBC that China's latest GDP print is "stunning" when the rest of the world is in a "dire" recession due to the pandemic, adding that China will remain important for demand in the Asian region.

In a remote video interview with Xinhua earlier this week, Gopinath said economic outcomes in the second quarter have been less dire, and global recovery is expected to be strong in the third quarter.

"This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partly by downgrades in some emerging and developing economies," IMF Chief Economist Gita Gopinath said at a virtual press briefing Tuesday during annual meetings of the World Bank Group and the IMF.

Zhang believes that it is significant for China to step up production and supply protective masks and other materials that are in dire need by people in other countries.

For instance, it has invested time, energy and big money on vaccine development and production, and boosted vaccine exports to countries in dire need.

More than the epidemic itself, her family members' dire need for drug refills was causing immense concern.

Preferential film coupons are being snapped up online by avid moviegoers who miss going to the cinemas at a time when exhibitors are in dire need of a reboot following novel coronavirus-related closures nationwide.

Wang Jiansheng, chairman of Hainan Tourism Development Research Association, noted that though the epidemic has dealt a dire blow to the country's tourism, it did not change the huge size of the market and the booming demand, which guarantees the future recovery of the tourism industry.

Across the country, jobs related to garbage sorting have average annual incomes between 70,000 yuan to 200,000 yuan, and they are in dire need of talents, according to Ba Ran, with Liepin.

I mean, they are in dire need of help, why don't we give a hand?

"We were in dire need of mask-making machines, but each machine usually takes 40 days to make," Li said.

The patient was in dire need of surgery to implant a screw to help support the vertebrae in his neck, but the operation was risky.

What is in dire need is an overall improvement in multiple dimensions.

Ethio-Telecom aims in the next three months to expand 4G telecom services to other major Ethiopian cities including Dire Dawa, Bahir Dar, Gonder, Jimma, Jijiga, Harar, Wolyata-Sodo, Ambo, Nekemte, Arba Minch and Hawassa.

On its way to transformation, it felt a dire need for a package of IT solutions, including hardware, software for integration of offline and online channels, business management, and data security.

Think about this: 3D-printed organs, which are customized and constructed with patents' own cells, are transplanted into patients in dire need, saving typical problems related to traditional organ transplants, such as lack of donor sources and immunity resistance.

""In fact, the prognosis for the oil market is even more dire than in November 2014, when such a price war last started, as it comes to a head with the significant collapse in oil demand due to the coronavirus," the report said.

He raised more than 100 pigs and was always in dire need of cash when it came to buying piglets and fodder, as well as vaccinations.

And that overview seems to suggest there is no dire need for anyone to press the panic button.

The researchers called for the nongovernmental actors, such as universities, to play bigger roles in curbing hunger and dire poverty.

Located in the eastern part of the capital, the river was in dire need of restoration.