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Before COVID-19, export accounted for 60 percent of Ningfang Group's business while domestic sales accounted for 40 percent, said Zhao Yuntao, a representative from the garment making enterprise in North China's Hebei province. Now, the company plans to increase its domestic business to 60 percent or more, he said.

Beijing will never tolerate any separatist schemes or activities related to "Taiwan independence", Premier Li Keqiang warned on Monday in Beijing.

Beijing, Shanghai, Guangzhou and Shenzhen are the country's megacities with more than 10 million people in each city, or 63.77 million people in total.

Beijing began offering 2.8 million coupons on Saturday in the latest move to spur consumption following the COVID-19 pandemic, the capital's commerce bureau said. Two million of the coupons, available on the app of e-commerce giant JD, can be redeemed at participating restaurants and retailers in Beijing, and 800,000 can be used to buy products equipped with smart technologies. Half the coupons were available on Saturday, and the rest will be issued on Aug 18.

Beijing-based Naura Microelectronics Equipment Co Ltd announced it has finalized a deal to buy the United States' Akrion Systems LLC, a semiconductor manufacturing equipment company, following approval from the Committee on Foreign Investment in the United States.