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Concerns about trade wars between the US and China and other key trade partners have grown after the US raised tariffs on imported washing machines and solar panels in January and signed proclamations this month on a 25 percent tariff on steel imports and 10 percent tariff on aluminum imports under the pretense of national security in the controversial Section 232 of US Trade Expansion Act of 1962.

Compared with these export-oriented enterprises, companies focused on domestic market are likely to resume growth more smoothly, and make up their loss of the first quarter. Dong predicted that these enterprises will bottom out in the first half of this year at best.

Comey, who was fired by Trump last week, detailed his conversation with the president in the memo immediately after the meeting, said the report.

Companies in the finance, manufacturing and trade sectors in Guangzhou, capital of Guangdong province, showed less willingness to move or expand, leading to weaker demand for Grade-A offices in 2018 due to lower growth in businesses, according to an industrial report.

Companies that make cleaning and disinfectant products, such as Clorox, Procter & Gamble and Kimberly-Clark, however, have seen their shares rise recently as a result of the virus.