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As planned by the Beijing municipal government, the Beijing International Technology Cooperation Center and the Beijing Bureau of Complete Equipment and Machinery completed restructuring of ownership and merger, marking the completion of transformation of all six public institutions into enterprises under the direct supervision of Beijing's State-owned Assets Supervision and Administration Commission. A total of 314 State-owned enterprises have completed similar restructuring by the end of June.

As premium carmakers cut their prices, volume brands may follow suit to keep their competitive edge in the market, thus benefiting even more people, Zhang said.

As the annual sessions of the National People's Congress and the Chinese People's Political Consultative Conference kick off, legislators and political advisers are expected to continue making constructive contributions to improving governmental policies in diverse fields and play a vital role in the country's social and economic governance.

As the virus continues to spread across the country, news is circulating that some hospitals on the front lines fighting the contagion have nearly run out of surgical masks. Wu's factory is just one example of China's medical product suppliers that have been making all-out efforts to produce urgently needed items.

As the outbreak escalated in the country, the startup launched a free consultation hotline on Jan 26 to help those experiencing pandemic-related stress.