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Chinese carmaker Changan has a similar timetable. It announced in late 2018 that all its models produced from 2020 will have connectivity features and Level 4 autonomous driving will be available around 2025.

Chinese policymakers will likely tone down the importance of doubling the country's GDP from the 2010 level this year but will instead focus on eliminating poverty and preventing large-scale unemployment and corporate bankruptcy amid the COVID-19 outbreak, economists said.

Chinese e-commerce platform JD released its financial results for the second quarter ended June 30 on Tuesday, announcing both its income and profit hit a record high for the same period.

Chinese provincial-level local governments issued 1.41 trillion yuan worth of bonds in the first half, 24.2 percent below the level recorded in the first half of 2017. Among the total amount, 76.4 percent were swap bonds (issued to refinance legacy debt) and refunding bonds (issued to refinance outstanding bonds).

Chinese companies are gearing up capacity to meet surging foreign demand for novel coronavirus-related medical supplies such as protective gowns, non-contact infrared thermometers and surgical masks－all of which are urgently needed to save the lives of COVID-19 patients as the pandemic rages overseas.