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China is highly supportive of small modular reactors, and the company's Linglong One is the first reactor of its kind in the world to have passed the safety review by the IAEA, a remarkable breakthrough in global small multipurpose modular reactor development.

China is cutting overcapacity, reducing inventory, deleveraging, lowering costs and strengthening weak links as part of supply-side structural reform that began in 2015.

China has tailored tax cuts and loan programs to help highly vulnerable small and medium-sized enterprises or SMEs to survive and keep paying their employees. Social insurance contributions of employers have been waived for five months and loan payments have been delayed for SMEs. Since the high point of the virus threat appears to have passed, the government has also phased in industrial production and coordinated supply chain resuscitation.

China is feeling the pinch of the coronavirus outbreak, with health authorities saying Thursday they received reports of 3,694 new confirmed cases of infection and 73 deaths on Wednesday from 31 provincial-level regions and the Xinjiang Production and Construction Corps. The overall confirmed cases reached 28,018 on the Chinese mainland by the end of Wednesday.

China has recently approved listing natural gas hydrate as the country's 173rd mineral variety, a move that will speed up the exploitation of the clean energy source.