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China also has the world's largest number of cinema screens. In 2019, some 12,178 cinemas boasted 68,922 screens. Consumption in the film sector was rapidly developing, until the epidemic dealt a blow to the industry with all films withdrawn from release during the Spring Festival holiday, a peak movie-going season. The films could have brought in about 7 billion yuan in box-office receipts. The impact of the epidemic on cinema chains in China is estimated to surpass 16 billion yuan.

China and the United States have no interest in a so-called trade war, said experts on Thursday, pointing to significant progress in the implementation of the China-US 100-day action plan, particularly in agricultural, energy and high-end manufacturing products trade.

China Telecommunications Corp, the country's third largest telecom carrier by mobile subscribers, has set up two investment units to manage assets worth more than 80 billion yuan ( billion) and develop new growth engines from internet of things, smart homes and other sectors.

China Eastern Airlines' 1st roadside VIP lounge. [Photo/ceair.com]

China and Italy have made great progress in cooperation on the seismo-electromagnetic satellite project, which is an important demonstration of the China-Italy comprehensive strategic partnership, Xi said in his congratulatory message.