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Data in the public domain showed that residential property developers have been facing a sales standstill for a couple of months. In most cities, both new and pre-owned home transaction volumes tumbled more than 90 percent year-on-year from Jan 24 to Feb 19 compared to figures of the same lunar period of last year. It was on Jan 23 that Wuhan, capital of Hubei province and the first epicenter of the epidemic, went into a peaceful lockdown. Some of the developers have reported nil deals since then.

Dalian Shipbuilding Industry Co Ltd, a subsidiary of CSIC, delivered the world's first intelligent VLCC named New Journey to China Merchants Energy Shipping Co Ltd late last month in Dalian, Liaoning province.

Data from app tracker Analysys Qianfan show Ofo's arch-rival Mobike has taken the top spot in terms of active users in November, gaining more than 18 million monthly active users. While Ofo has fallen from the top slot to second with over 17 million monthly active users, a decrease of 24 percent month-on-month.

Daimler and Chinese partner BAIC Motor will invest 655 million euros in the production of battery-powered electric cars, and this includes an investment of "three-digit million euros" for battery production by the joint venture. Some carmakers are going even further to secure supplies of resources such as lithium and cobalt for batteries.

David Dollar, a senior fellow of the John L. Thornton China Center in the Brookings Institution, said that the solid growth has enabled the authorities to turn attention to reining in financial risks, which will choke off some bad investments and allow the country to open up the economy more.