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China had more than 230.8 million people aged 60 or above at the end of 2016, 16.7 percent of the total population, according to the Ministry of Civil Affairs. The country's elderly will account for about one-quarter of the population by 2030.

China began to tighten its crackdown on illegal fundraising early this year to fend off financial risks in 2018, with online lending being one of the key fields that will be put under greater scrutiny.

China has also emphasized the reward for innovative enterprises and talent on the frontline, encouraging enterprises to become the main body of innovation.

China has managed to control the spread of the virus, but the number of cases is still climbing. South Korea seems to have flattened out the curve in terms of the number of confirmed cases, and Japan appears to be facing a rising infection curve.

China has planned to introduce the State VI B emission standards starting July 1 nationwide. However, since the outbreak of the virus, relevant parties, like the China Association of Automobile Manufacturers, have suggested postponing the nationwide adoption of State VI emission standards to 2021.