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Ding Daoshi, an independent analyst of mobile internet, said China has been stepping up efforts to prevent severe accidents from happening in the country's ride hailing industry. The push by Didi to ensure safety is a good sign that the sector is shifting from the pursuit of fast expansion to quality growth, which is the key to ensuring sustainable development.

Developing effective vaccines and antiviral drugs to combat the novel coronavirus and making them available to everyone are vital to providing a sense of security and safety as well as restarting economic activities and the international movement of people, he said.

Domestic vitality is also given priority. The municipal government of Shanghai has formulated a package of 20 measures for expanding investment and stabilizing economic activities after the novel coronavirus epidemic tapers off, an official said on Friday.

Domestic private enterprise ENN is already looking for other opportunities in other coastal areas in addition to the Zhoushan receiving terminal.

Despite the slump in A shares in the first week of this month, investors remain optimistic that long-term prospects are intact as a bottoming-out market could present good opportunities to bag handsome bargains, market insiders said.