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Domestic pharmaceutical firms are also taking action. Chongqing Pharscin Pharmaceutical Co Ltd announced that it would boost drug innovation, and has introduced a chief science officer, an innovative drug business unit, innovative drug labs and an innovative drug team.

Discarded masks, gloves and protective gowns are just some of the coronavirus-contaminated waste burdening treatment centers, thus spurring more market demand for proper hazardous-waste treatment strategies.

Ding said Chinese companies should work on building their production chains overseas, adding that China's growing circle of friends means more countries will benefit from its rapid development.

Despite the rising output, China's steel enterprises reported declining efficacy, with the aggregate profit of the CISA members totaling 146.6 billion yuan (.8 billion), 32 percent lower than the same period a year ago.

Different from traditional construction style, modular construction uses units produced in factories and thus can reduce work load for construction workers, Wong said.