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Apart from supporting small businesses, prevention of financial risks is another focus of the reform package, said Wang Tingting, an associate professor of finance at the Central University of Finance and Economics.

Another heartening outcome is that this sudden epidemic not only made people pay more attention to public health but further promoted the transformation of the Chinese society from a traditional society to an information-driven one. Only by better utilizing the role of emerging technologies in national governance, social governance, and economic development will it be possible to cope with similar crises, if any, in the future.

Apart from expanding its global presence, CREC announced earlier this month that its subsidiaries such as China Railway Electrification Bureau (Group) Co and China Tiesiju Civil Engineering Group sealed 29 deals for airports, highways and forestry protection facility projects, as well as the transformation of shanty town areas with a total contract value of 37.16 billion yuan (.23 billion) in the domestic market over the past four and half months.

Apart from the four municipalities (Beijing, Shanghai, Tianjin and Chongqing), the other 10 cities contributed to their own provinces' GDP by 23.74 percent on average. Chengdu in Sichuan province and Wuhan in Hubei province contributed more than one-third to their own provinces by 37.56 percent and 36.68 percent, respectively.

Another central figure - former US Ambassador to Ukraine Marie Yovanovitch - is due to testify on Friday in the second public hearing in the inquiry.