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Chen predicted in the report that as the electric vehicle industry prospers, in China, demand for cobalt in power batteries will increase from 5,865 tons in 2017 to 58,800 tons in 2025; globally, the demand will increase from 9,200 tons in 2017 to 102,100 tons in 2025.

Chief Secretary for Administration Matthew Cheung Kin-chung says livelihood problems in Hong Kong are expected to improve in 2020 and the government intends to address these more comprehensively.

Chen Qiyu, chairman of Fosun Pharmaceutical, said that the integrated resources of Chinese and Indian pharmaceutical companies, such as Fosun Pharmaceutical's acquisition of Gland Pharma, will help promote the internationalization of Chinese pharmaceutical companies in research and development and generic drug export.

Cheng was speaking at a news conference in which China's first official standards for sign language and Braille were released.

Chen noted major pharmaceutical companies have increased their investments in the digitalized construction sector, as only 23 percent of the enterprises saw their expenditures on digitalization accounting for over 10 percent of total products inputs in 2019. This figure has risen to 40 percent in March 2020.