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BYD's marketing spokesperson said sales started to recover in March. In April, overall sales reached 31,000. In the first 10 days in May, the sales volume was 50 percent higher than the same period last year, with EV consumption gradually picking up.

Based on its rich technological resources and huge talent pool, Beijing has boosted innovation capabilities by putting 6.17 percent of its GDP into scientific research. The city has contributed to more than half of all China's major world-leading technological breakthroughs, Chen said.

Based on passenger throughput data from the first eight months of 2020, the news website 21st Century Business Herald ranked the top 10 airports in the country, and said passenger throughput growth in August showed a significant rebound compared with figures from January to August.

Banks are cautious when granting credit to tech companies, due to their lack of collateral and uncertain profitability. Instead, it will be the capital market that provides major financial support for them, Hong said.

Banks also helped cut excess capacity, build affordable houses, reduce corporate burdens, and de-leverage, Wang said.