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China's measures to limit the human damage caused by the virus were very strong through January and February, so the economic data looks grim for those months. Industrial production fell 13.5 percent in those two months, while retail sales fell 20.5 percent and fixed asset investment plunged 24.5 percent, according to the National Bureau of Statistics. The urban unemployment rate rose to 6.2 percent in February, which is a mild increase relative to what we are seeing in other countries.
China's continuous and rapid development over the years provides invaluable opportunities for Hong Kong's development, Xi said.
China's experience in recovery
China's consumer and factory-gate inflation picked up in March as government efforts to stabilize economic growth have begun to boost domestic demand, analysts said.
China's financial market will also remain stable, given that the country's economic growth is stable, business efficiency is improving and consumer prices are running in a low range, according to Wang.
