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China's food delivery market has been growing at a double-digit pace in recent years and is expected to have exceeded 240 billion yuan in 2018, according to the market research platform iiMedia Research.

China's foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday.Zhou Xiaochuan, governor of the People's Bank of China, said the country's foreign exchange reserve has been affected by international asset prices but there have not been any major changes in China's balance of international payments.The country saw its foreign exchange reserve drop to the level of trillion in January of last year and then it increased continuously over the past 12 months, according to Pan Gongsheng, vice-governor of the central bank and the head of the State Administration of Foreign Exchange.Pan said China's economic fundamental and foreign exchange rate will stay relatively stable and the country's foreign exchange reserve will also remain basically stable.

China's labor is becoming expensive too, and more skilled. So, China needs to move away from setting up industries that basically service imports from East Asia. Instead, China should set up industries that are indigenous and can use innovation to produce new products. The country is already doing this quite well. China has beaten the US in 5G, and leads in artificial intelligence.

China's large-scale work resumption efforts had helped exporters restore at least 70 percent of their production capacity by the end of March, said the Ministry of Commerce. But many now worry that new setbacks could emerge and even linger as existing overseas orders are canceled and new orders fail to materialize.

China's offline retail sector is among the hardest-hit by the epidemic as consumers stay away from crowded places. The government has called for combined efforts to help small retailers get over the short-term pains.