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Zhou Hao, economist at Commerzbank, told Shanghai Securities News how to solve the difference in legal and financial supervision mechanisms among cities is still a big issue.

Zhou Bin, president of Konka, said in an earlier interview that the company's R&D investment increased by more than 20 percent year-on-year in 2018, emphasizing they will accelerate efforts in the micro LED sector, make a breakthrough in technological innovation and strengthen cooperation with partners, along with consumption upgrade.

Zhao added the sub-gauges of new export orders and imports also rose to the highest levels of the year in November, pointing to a sustained recovery in the nation's foreign trade.

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Zhou Shijian, an economics professor at Tsinghua University, said the US trade move is not only targeted at China, but also is a panic stratagem to pressure its trade partners to bow to its demands.

Zheng Ying, a senior researcher at the Financial Research Center of Bank of Communications, cautioned that weakening external demand due to the COVID-19 pandemic and the low international prices of oil and other bulk commodities may hamper the improvement in industrial profits.

Zhong listed three major tasks of the ministry in 2019: holding the second import expo, properly handling trade frictions with the United States, and pushing forward pilot FTZs and the Hainan free trade port.

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Zhou Wenting contributed to this story.

Zhang said the local government also has rolled out a series of supportive measures to boost sea buckthorn-related industries.

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Zhong Yu, a Hangzhou resident who obtained the vouchers in four rounds of applications, said they have helped her save an estimated 200 yuan on her shopping bills.

Zhang said skills training courses are expected to be made available to average migrant workers and bring them benefits by the end of 2022. Training centers and companies are also being encouraged to get involved.