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Cao Weijing, a partner at PwC, suggested companies should allocate more resources to product innovation and business expansion via differentiated products. Chinese snack companies that have only half of the product development ratio-R&D funding versus sales revenue－have relatively lower margins, compared to their global peers, she said.

Chairman of the Joint Chiefs of Staff US Army Gen. Mark Milley describes how he cuts his own hair as he and Defense Secretary Mark Esper hold a news conference at the Pentagon in Arlington, Virginia, US, April 14, 2020. [Photo/Agencies]

Carmaker is confident of earning 30 billion yuan in revenue from the new sector next year

Characters including Bungee, Fei Fei's rocket, the mythical Jade Rabbit, Moon Frogs and lunar guardians the Foo Dogs all feature in the display, with the center piece being a moon decorated with Chang'e, Fei Fei and Bungee.

Chan said it's unrealistic to expect a virus-free environment in the short term given the unpredictable global situation, and called on the public to remain patient and cooperate with the government.