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Song Jin, a senior automobile analyst at Beijing-based market consultancy Analysys, said: "Semiconductors are important hardware for NEV production. BYD's restructuring of its subsidiary offers the subsidiary more autonomy, and promotes the company to better operate its semiconductor business."

Some of the problems that China has faced since it adopted the market economy in the past several decades, such as industrial overcapacity, widening gaps between the rich and poor, environmental pollution and financial bubbles, can be solved more quickly and more efficiently compared with Western countries as long as the advantages of China's socialist system are fully used to serve people-centeredness, he said.

Some 28,600 nurses were sent to Hubei province, the Chinese region which was the most affected by the COVID-19 outbreak.

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Some international organizations showed concern recently that the spreading of the novel coronavirus may add slowdown pressure on the global economy, which specifically influences foreign trade, industrial chains and financial markets.

Some 63.2 percent of the respondents said they dined out more often recently as restrictions relaxed.

Some of those who had decided against attending had told her that although they wouldn't be going to her wedding out of principle, they would try to make it to the house warming, "I told them, 'what's the point of that?' I've had the family abandoning the wedding; I realized I can't expect much more from others on this."

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Some Chinese and foreign journalists in Beijing will be invited to cover the session, but journalists who are overseas will not be invited to Beijing for reporting, he said.

Some banks in Beijing have even raised mortgage rates further for first-time home buyers, following tightened lending policies exposed on second-time home buyers effective as of March 17. Currently, down payment for second-time home buyers is at least 60 percent of their home price in Beijing and the interest rate is 20 percent above the benchmark.

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Song Kungang, honorary president of the China Dairy Industry Association, said there will be fierce competition among big milk producers when small and medium-sized brands vacate their current market strongholds.

Some of them speculated that if the "extreme scenario" happens, or the economic pressure increases dramatically amid external shocks, Chinese local governments may apply for additional quota of bond issuance, and it should be approved by the country's top legislators.