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Based on analysis of big data, the report calculated that the average daily commute in the Chinese capital is 18.6 kilometers, while in Shanghai, which has the second-longest commutes, the average distance is 16 km.

Backed by high-quality infrastructure, a skilled and comparatively low-cost labor force and booming innovation capabilities, China has become deeply embedded in the global supply chain－not out of coincidence, said Chen Bin, executive vice-president of Beijing-based China Machinery Industry Federation.

Because I am now able to support my family, my parents don't need to grow walnuts and red dates for a living any more. Living in my comfortable apartment in Wensu, my father now believes that e-commerce can make a difference. I'm really happy about that.

Banks and rural credit cooperatives stepped up credit issuance with the aim of supporting these companies to keep producing medical products and protective supplies, said Pan Guangwei, executive vice-president of the China Banking Association.

Baillie Gifford & Co, Tesla's second-largest shareholder, said in a filing with the US Securities Regulatory Commission on Tuesday that it owns 85.3 million shares of Shanghai-based Nio. The news rallied Nio's share price, which closed at .39 per share, rising from .19.