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Despite the promising future, Lin said the C919's entry to the market won't occur soon. The date it goes into operation is expected to be between 2020 and 2022.

Despite the novel coronavirus outbreak, 88 percent of 20,000 stores said they would not trim their employment this year and 38 percent might hire more people, according to a survey conducted by Alipay and Alibaba-backed Internet bank MYbank.

Domestically, about 400 delegations from universities, companies and governments of Beijing, Shanghai and Suzhou city in East China's Jiangsu province proposed nearly 2,000 talent-recruitment programs with over 14,000 jobs offered to the overseas students and foreigners at the convention, the organizer said.

Despite the trend, PwC said that car sales will continue to expand as self-driving vehicles and those used for shared mobility have faster replacement rates.

Discussions include increasing the stake foreign investors can hold in financial joint ventures in China and lifting a ban on US beef imports that has been in place since 2003, according to FT.