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Of the total, 28.5 percent, or 240.7 billion yuan went to high-tech industries, surging 27.6 percent year on year.

CONSUMERS FIRST

Long told Xinhua that his company has been expanding rapidly in South America and Southeast Asia with an expected growth of 10 percent this year.

"We must take employment as a first-order priority in maintaining stability in the six key areas, namely employment, finance, foreign trade, foreign investment, domestic investment, and expectation. No job means no income and no wealth creation. Every effort must be made to prevent massive lay-offs from happening. Sub-national governments must meet their responsibilities for keeping employment stable. The return of rural migrant workers should be well organized. Sound and practical epidemic control guidelines for different categories of enterprises should be promptly formulated to guide local authorities in setting reasonable criteria for the resumption of work and production in their jurisdictions," Li said.

Local financial departments should firmly implement the supportive policies unveiled by the central authorities including financial support, preferential tax and social insurance, the ministry said in a circular.