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Despite the rising protectionism in major economies, China has remained a staunch champion for free trade. In his report, Premier Li reiterated China's support for promoting economic globalization and protecting free trade.

Disputes related to property allocation and succession also were common, the court added in a statement.

Despite the strong results, Amazon stock is down slightly in after-hours trading. That’s because Amazon’s projections for the first quarter of this year came in below what analysts expected.

Didi Chuxing, China's largest ride-hailing company, said it will invest 200 million yuan (.9 million) as a special fund to promote employment for those affected by the epidemic, the unemployed and poor family members based on its platform.

Domestic companies have realized that replacement of intelligent technologies like AI will be a very fundamental change. If the gap is widened, it cannot be made up in one or two years, he said.