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Chinese consumers and government entities will spend more money on information services than products for the first time in 2018, according to the report released on Friday by the China Academy of Information and Communications Technology.

Chinese investors' demand for gold has declined in the second quarter of 2019 due to the rising confidence of investors in the renminbi's exchange rate and the steady performance of the domestic stock market, experts said.

Chinese internet media company ByteDance, the owner of news aggregator Toutiao and video-sharing site Douyin, said it would offer 3,600 full-time positions this spring, with all interviews to be conducted online. NetEase also kicked off its online recruitment and will be offering 2,600 jobs.

Chinese fashion company Redstone Haute Couture donated 20,000 masks to Rome through a nonprofit foundation under the Italian company Santarelli Construction. Of the donation, about 30 percent were professionally graded N95 masks, which blocks at least 95 percent of very small particles.

Chinese companies, including exporters, have seen an increase in cancellations of orders. While most large enterprises have resumed production, according to NBS calculations, many smaller companies are still struggling to resume work under rising financial difficulties and labor shortages.