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Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management, told CNBC, "Fiscal stimulus is the antidote that can bridge the gap between what was happening before the coronavirus and what will happen after it. It certainly can't cure the virus, but it can help contain some of the economic fallout. Today's trading activity is the market trying to gauge whether the stimulus is going to be sufficient."

British pharmaceutical company GSK announced on Wednesday it will form a strategic partnership with Guangzhou Institute of Respiratory Diseases (GIRD).

Built in 1419 on the northern outskirts of Lhasa, the Sera Monastery is one the six largest monasteries of Tibetan Buddhism's Gelukpa School, and is one of the three major Gelukpa School monasteries of Lhasa. The monastery was founded by Chamchen Choje, one of the eight main disciples of the Je Tsongkhapa, the founder of the Gelukpa Sect of Tibetan Buddhism.

Both partners will inject a total of 1.5 billion yuan in accordance with the 51:49 ratio in the near future. The joint venture will develop, manufacture and distribute new vehicles and services under the Jinbei and Renault brands.

Business start-up services for enterprises will be further optimized. The time needed to start a company will be reduced to four working days or less by the end of this year, according to Yang.