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China currently has 96 central SOEs. They have played an essential role in assisting the government in producing materials for epidemic prevention and control, building medical infrastructure and other supporting infrastructure facilities and supplying food, power and enhanced communication networks in Wuhan of Hubei province, epicenter of the novel coronavirus outbreak.

China banned US beef imports in 2003 amid concerns over mad cow disease. After the lifting of the ban, ranchers in Montana like Wacker are eager to tap the huge potential of Chinese markets, which have around 300 million middle class consumers.

China has no intention of tightening or relaxing its monetary policy, a central bank vice-governor said on Thursday. Analysts said such a stance is reasonable as the economy has stabilized in the first quarter.

China has a three-tier color-coded warning system for heat waves, with red representing the most severe, followed by orange and yellow.

China has also undertaken market deepening initiatives that incentivize the private sector and stimulate its further development. Gupta said this also serves as "an automatic economic stabilization mechanism for the broader economy when the state sector is unable, due to budgetary tightening, to make the necessary public investments."