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Dong Yan, a researcher at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, said that the reforms led by the government, benefit SOEs such as CASC, as they adjust their structure and operation system and are better equipped to face international challenges.

Dong Lijuan, a senior statistician with the NBS, said that the fall in the CPI growth rate was mainly due to the high comparison base in the same period of last year and falling pork prices, which declined by 2.8 percent on a yearly basis in October. Prices of eggs dropped substantially by 18.3 percent year-on-year, while chicken prices fell by 13.2 percent on a yearly basis, according to the NBS.

Driven by this flourishing investment, the district registered high growth in major economic indicators in 2018. Its GDP topped 180 billion yuan (.71 billion), ranking first in the city. Per capita GDP surpassed 300,000 yuan. Foreign trade exceeded billion, also topping the city.

Dr Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, when asked on CNN to predict the potential impact of COVID-19, answered that with "what we're seeing now, you know, I would say between 100 (,000) and 200,000. But I don't want to be held to that … I mean, we're going to have millions of cases.”

Driven by the demand for consumer goods ahead of the Chinese Lunar New Year, Taiwan's imports in January increased 23.3 percent compared with the same period last year.