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China and some places in Southeast Asia have coped better with COVID-19, owing perhaps to the region's experience of SARS in 2003-04, he said.

China National Petroleum Corporation, the country's largest oil and gas producer and supplier, reported steady daily production of shale oil of 20-30 cubic meters in its Dagang Oilfield, a sign of the industrial development of continental shale oil in the Bohai Bay Basin, it said.

China accounts for 30 percent of the added value of the world's manufacturing industry and it is unlikely that a mass exodus of multinational companies will leave China in the short term, he added.

China Broadway Entertainment brought Chinese audiences the musical The Secret adapted from Chinese pop star Jay Chou's work last December. It's currently enjoying a successful run in China.

China International Capital Corp said in a report that many owners would replace their old equipment with new machines this year. "The demand for excavator replacement would reach 140,000 units," the report said.