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At the Beijing event, Zheng Bin, CEO of the Mumbai, India branch of ICBC, said China's largest lender has set up a 0 million fund to back local startups.

Atlas has argued that the benefits of mask wearing are uncertain, that children cannot spread the virus and that the role of the government is not to stamp out the virus but to protect its most vulnerable citizens.

At the opening ceremony of the 2020 Changbai Mountain Ice and Snow Tourism Festival on Saturday, tourists enjoy an outdoor ginseng hotpot feast. [Photo by Jiang Bo/for chinadaily.com.cn]

At the MCC, two jail guards are required to make separate checks on all prisoners every 30 minutes, but that procedure was not followed overnight, according to a source. Guards are required to make another check every 15 minutes on prisoners who are on suicide watch.

At present, consumption in China contributes to 36 percent of overall GDP, while the figure is 63 percent in the United States, which means a lot of potential to grow. However, retailing in China takes up 44 percent of GDP, which is higher than the United States. Therefore, despite the big potential of consumption to grow, it is not necessary for retail to grow at the same time, Pei said.