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China aims to cut the average debt-to-asset ratio by another 2 percentage points for its 98 centrally administered, State-owned enterprises by 2020, the country's State asset regulator said.

China Railway Beijing Group and China Railway Wuhan Group said one Fuxing cargo bullet train will travel between the capital and Wuhan every day during the spree, with another one traveling from Wuhan to Beijing.

China Eastern suspended the operations of some flights, and it will adjust the capacity depending on the epidemic control development and market demand. It said there is big uncertainty regarding the duration and severity of the impact on the international and domestic aviation business, and investors should pay attention to potential risks.

China also would have higher debt-to-GDP ratio in 2019 due to the slowdown in economic expansion and the easing of fiscal policies, which will likely lead to a rebound of the property sector, liquidity level, and ideally consumption to investment level in 2019, according to Mariscal.

China announced plans in April to establish Xiongan New Area, a new economic zone about 100 kilometers southwest of Beijing that covers Xiongxian, Rongcheng and Anxin counties in Hebei province.