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China is a large market for global alcohol consumption. However, Chinese baijiu (clear distilled liquor) consumption dropped sharply due to the epidemic. As a result, liquor companies are under great pressure. There might be large consumption demand for baijiu and wine after the epidemic. Some liquor merchants said they have a large amount of liquor in storage, so they are confident of meeting pent-up demand.

China is leveraging 5G technology to foster the development of intelligent port construction as it aspires to become a leading country in intelligent shipping, according to a report released on Friday at a shipping and innovation development conference in Shanghai.

China imported 281.1 million metric tons of crude in the first eight months of this year, equivalent to 8.44 million barrels per day, according to Customs data, up 12.3 percent from the same period in 2016.

China has remained the world's largest NEV market for three consecutive years, as the country intensified efforts to encourage the use of NEVs to ease pressure on the environment by offering tax exemptions and discounts for car purchases. Some 777,000 NEV cars were sold in 2017.

China is now the world's largest children's book publishing market, but Wu said it accounts for just 22 percent of the popular consumer market.