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Developing soccer will not only benefit sports careers, but will be a healthy factor for Chinese society, according to a professor at Shanghai University of Sport who declined to be named.

Digital technology is playing an increasingly important part in driving China's economic growth. According to the Tencent Research Institute, the size of China's digital economy reached 23 trillion yuan (.36 trillion) last year, accounting for 31 percent of the country's total GDP.

Disruptions due to the virus outbreak will not deter China from further opening its financial sector, the regulator said. SAFE will promote the opening of capital account steadily and in an orderly way and support the connection programs which link the onshore and offshore financial markets.

Digital wallet giant Alipay announced on Wednesday it has established a special logistics supply team serving medical rescue teams in Central China's Hubei province, where the contagious novel coronavirus has hit hardest.

Domestic display panel suppliers such as BOE Technology Group Co Ltd, Visionox Technology Inc and China Star Optoelectronics Technology Co Ltd (CSOT) are doubling down on flexible screens mainly used for smartphones. They are ramping up efforts in the AMOLED display market that is still dominated by South Korean companies.