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Consumption, investment and net export will contribute 70 percent, 35 percent and minus 5 percent, respectively, to China's economic growth in the second quarter of this year, said Lian Ping, chief economist for the Bank of Communications.

Consumers shop at the Xilongduo shopping mall in Shijingshan district, Beijing. [Photo by Du Jianpo/For China Daily]

Cooking-related goods sold like hotcakes online due to the recent novel coronavirus outbreak as hundreds of millions of home-bound Chinese are finding ways to live and entertain themselves.

Covering 1,500 square meters, the club will include entertainment, classrooms, a day-care area, catering and a retail space. Club Med, which Fosun acquired in 2015, will offer its expertise in operating children's clubs, said Qian Jiannong, senior vice-president of Fosun Group.

Construction of the hotels and supporting facilities will start next year, as will the organization of security, visitor flow, tickets and operations.