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Aviation industry analyst Lin Zhijie said the civil aviation industry will suffer a loss, which is a rare occurrence during the Spring Festival transportation period. The threat to the industry is expected to be far greater than that of the SARS epidemic in 2003 because China is playing an increasingly important role in the international air travel market. "The outbreak of SARS occurred in March, a relatively slack travel season. This time, airlines will experience a more significant loss as they have lost the demand during the Spring Festival period. Besides, the novel coronavirus has a higher infectivity and it has a great impact on market confidence," he said.

BEIJING - A new form of theater, which can be watched on the big screen, is gaining favor among young Chinese audiences and enriching performing arts in China.

Attendees discuss topics at a seminar at the second Hongqiao International Economic Forum on China's 70-Year Development and the Building of a Community with a Shared Future for Mankind in Shanghai on Wednesday. [Photo by FENG YONGBIN/CHINA DAILY]

BEIJING - China has announced a new round of tax cuts in a bid to shore up its economy amid external uncertainties.

Australia's Bureau of Meteorology said the heat wave, defined as three consecutive days and nights of above-average temperatures, had broken more than a century of records.